The Business Times, 21 April 1978

Microfilm: NL9628
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, APRIL 21, 1978 SO CENTS
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  • BRIEFLY...
    • Article
      Lock icon Jakarta's support
      50 1 Reuter JAKARTA, Thurs. Indonesia has pledged continuing support for Malaysia In Its negotiations with Britain to settle the question of overflight rights for the Concorde airliner, Communications Minister Air Marshal Rusmin Nuryadin said today. The minister said this following talks with his Malaysian counterpart Tan Sri Manickavasagam. Reuter.
      Reuter  -  50 words
    • Article
      Lock icon Special talks
      62 1 Reuter TOKYO, Thurs. Australia and Japan will hold special talks tomorrow on a demand put forward by Australian Prime Minister Malcolm Fraser that agricultural products should be included In the Oeneva multinational trade liberalisation talks. Australian officials said Mr. Fraser would meet Nobuhiko Ushlba, Japanese Minister for External
      Reuter  -  62 words
    • Article
      Lock icon Ford cars
      54 1 AFP LONDON, Thurs. Trade unions at Ford have protested against excessive Imports by the company, which they say are harming the British economy. In the first quarter of this year, Imports from West Germany, Belgium, Spain and Ireland totalling 41,267 cars accounted for about onethird of Ford cars
      AFP  -  54 words
    • Article
      Lock icon GM regains top spot
      91 1 AP NEW YORK, Thurs. General Motors Corp., which makes nearly half the new cars sold in the United States, has edged out Exxon Corp. to recapture the top spot on the Fortune magazine list of America's 500 largest corporations. For the previous three years, the giant
      AP  -  91 words
    • Article
      Lock icon French surplus soars
      40 1 Reuter PARIS, Thurs.— France's trade'surplus rose to 1.19 billion francs (***** million) last month from 64 million francs in February, the Forelsm Trade Ministry said today. Exports totalled 31.13 billion francs while imports cost 29.94 billion. Reuter
      Reuter  -  40 words
    • Article
      Lock icon American fashion
      61 1 Reuter LONDON, Thurs. The London Stock Exbi S£est, tomorrow starts a new type of highly speculative dealing in what is the latest American fashion to have hit Europe. Its critics have condemned it as a dangerous form of gambling and London's Influential business dally, the Financial Times, recently
      Reuter  -  61 words
    • Article
      Lock icon Expiry date unchanged
      69 1 Reuter ZURICH, Thurs. The Swiss National Bank said It will hold to the planned expiry on April 30 of the agreement whereby It contracts forward foreign exchange deals at preferential rates with the textile and clothing Industry. However, it has declared Its readiness to provide exchange guarantees
      Reuter  -  69 words
    • Article
      Lock icon Dow Jones
      64 1 UPI NEW YORK. Thurs. Stocks soared in nearrecord trading early today in response to the Treasury's decision late last night to sell gold monthly to prop up the ailing dollar abroad. The Dow Jones industrial average was 12.55 points ahead to 820.60 shortly before 11 am, with advances
      UPI  -  64 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      126 1 Rises Most octive Com Plant 610 +35 API 287,000 API 176 17 Faber Merlin 216,000 CSu|iri 304 14 Sime Darby 174.000 Sth Miii Ind 145 11 Sin Chew 170 oon Perlis Plant Batu Kawan Lien Hoe 255 155 187 10 10 +9 Total Turnover: 5.25 m Total
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    • Article, Illustration
      In Kuala Lumpur
      158 1 Rites Most active Jeram 250.0 Consplant Wrts 270.0 Consplant 189.0 A.P.I. 177.0 C. Sugars 310.0 S. Darby 235.0 Kramat 650.0 Carlsberg 456.0 Lien Hoe 193.0 HlfcLo 284.0 +0.58 +0.26 +0.18 +0.16 +0.16 +0.15 +0.15 +0.12 +0.11 +0.10 A P I 629,000 Consplant 515,000 Slme Darby 393.000 KL
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  • Article
    Lock icon US dollar soars as gold dives
    1163 1 TREASURY TO HOLD SIX AUCTIONS Reuter AP THE US DOLLAR soared and gold plunged on European markets yesterday following the announcement that the United States planned to tap its huge gold reserves to support Its weakened currency. Gold plummeted more than US$5 (S$ll) on
    Reuter; AP  -  1,163 words
  • Article
    IMF SALE ON MAY 3
    72 1 THE International Monetary Fund has released invitations to bid for the next monthly gold auction to be held on May 3. The amount on sale will be 525,000 ounces, with the minimum bid fixed at 1,200 ounces. The bid price method will be used during
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  • Article
    Bilateral talks
    142 1 TRADE talks started on Wednesday between Asean and US trade officials ended yesterday with a constructive exchange of views. t A Joint statement said that important areas in the multilateral' trade negotiations were constructively discussed. The statement also said the US delegation will be having further bilateral consultations
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  • Article
    UOB issue twice oversubscribed
    519 1  -  By COLIN CHEE THE UNITED Overseas Bank's five-year US$25 million (SssB million) floating rate note (FRN), announced barely two weeks ago, has been twice oversubscribed. The FRN Issued at par in both the Euro and Asian dollar bond markets is pegged at per cent above the
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  • Article
    No hurdles for rubber pact
    160 1 OFFICIALS attending the special executive committee meeting of the Association of Natural Rubber Producing Countries (ANRPC) now In progress In Kuala Lumpur see no major hurdles in agreeing on a producers' draft of the proposed International Natural Rubber Price Stabilisation Agreement. The producers' draft together
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  • Article
    March external trade stages a strong recovery
    270 1 SINGAPORE'S external trade made a strong recovery last month to more than offset the decline in February. Total trade in March came to $4.33 billion compared with $3.41 billion in February and January's $4.21 billion. The March recovery brought total trade for the
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  • Article
    OUE profits shoot up four-fold
    412 1  -  •y TOH THIAN SER INVESTOR confidence In Overseas Union Enterprise. owner of Mandarin Hotel, has been well-jus-tified with the group reporting a quadrupling of 1977 pre-tax profits to $5.26 minion from $1.2 million previously. OUE, which also owns a mufti-storey carpark and shopping centre at
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      28 1 21 d iJLL. SAFE WITH mamas mcmki rrsmn (s) rn. ltb 47 Podium Block OoMM) PUu Nmioo noad Seaport 11 T« ******** Caw* 9USNESTEMS Sutgapora SEE PAGE 7
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      Page 1 Advertisements Column 2
      143 1 LATEST ISSUE The iatest 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 German
      143 words
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      Page 1 Advertisements Column 3
      75 1 Leader Page 6 gaga SHIPPING TIMES LUXOR to make TVs here 2 IBM computer for central clearing house 2 IMPACT of Sea-Land rebate disclosures 5 LETTER from America 8 LEGISLATION unsettles German labour 8 FORUM with John Dryedais 9 HUSSEIN replies to *NBP criticism f SPECIAL travel supplsmsnt .lf>lt CHEMICAL
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      Page 1 Advertisements Column 4
      103 1 |W^l Sot* Agents Guthrie Trading Tel: *****5 *****5 GIVE YOURSELF A TREAT IF YOU have not yet taken or booked your annual holiday turn, to Pages 10 15 of today's issue for some suggestions on taking a holiday with a difference. I A When it's a question of property valuation,
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  • TRADE AND INDUSTRY
    • Article
      Shell has faith in gas project
      587 2  -  NO THREAT IN TALKS ■y KADIR JASIN SHELL emerges from the 12-month protracted negotiations with Malaysia's Petronas and Mitsubishi for the setting up of the USSI billion (552.3 billion) liquefied natural gas project in Bintulu with a stronger belief that the country offers attractive
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    • Article, Illustration
      It's IBM clearing
      154 2 SECURITIES Clearing and Computer Service#, an ancillary organisation ofthe Stock Exchange of Singapore, has selected IBM Singapore to Instal an IBM Computer System 370 Model 138 for Its central clearing house when it begins operations next year. The proposed system will provide hardware and software safeguards to
      154 words
    • Article
      Luxor to make 14-inch TV here
      583 2  -  »r RONNIE LIM LUXOR Singapore, which has been supplying colour television components to Luxor Industri AB, Sweden's leading consumer electronics manufacturer will embark on local production of a 14-lnch colour set from June. With this upgrading to the manufacture of comSlete sets here, Luxor
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    • Article
      Lock icon The biggest buyer
      470 2 Reuter AFP JAPAN was the biggest fcuyer of Malaysian raw materials last year, accounting for MS 1.7 billion or 18 per cent of the total export of the commodity. The Minister of Primary Industries, Datuk Amar Haji Talb Mahmud, told the Senate on Wednesday that the raw
      Reuter; AFP  -  470 words
    • Article
      Asean-US relationship
      524 2 VICE PRESIDENT Walter Mondale will set out on his trip to South-east Asia well briefed not only on the region's political and economic problems but on Its culture and cuisine as well. The Vice President and Mrs. Mondale were guests of honour at. a weekend (April 14) reception
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    • Article, Illustration
      Melbourne to host Asian fair
      261 2 MELBOURNE will play host to the Third Asian Trade and Pacific Trade Fair to be held from June 2 to 11 next year. When the Second Asian Trade Fal§ was held in Melbourne last year, it attracted official government displays from 12 Asian countries, as
      261 words
    • Article
      Lock icon Sugarcane limit
      136 2 Reuter THE THAI Industry Ministry said it has set a production ceiling of 21 million tonnes of sugarcane during the 1978/79 season to prevent oversupply and sugarcane planters have been asked not to enlarge the area under cultivation. As a member of the International Sugar Agreement (ISA), Thailand
      Reuter  -  136 words
    • Article
      Lock icon Rate of beef exports to be spread out
      474 2 AFP UPI THE AUSTRALIAN Meat and Livestock Corporation has applied precautionary restraint on' the rates of shipment of beef to the United States, chairman Roy Jones said yesterday. Mr. Jones said In a statement, "After consultation with the exporter and abattoir consultative
      AFP; UPI  -  474 words
    • Article
      TRAVEL COACH CHIEF DUE IN
      205 2 MR. ELLIOT Helt, vicepresident of Greyhound International, will be here to promote its services. Mr. Helt will explain the way in which tourists In the US can see the country in a leisurely manner by deluxe coach. This mode of travel caters specially to travellers
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    • Article
      STPB head to open Food Asia
      94 2 THE CHAIRMAN of the Singapore Tourist Promotion Board, Mr. Tan I Tong, will open Food Asia, an International food, drink, catering and hotel equipment exhibition at the Hyatt Hotel on April 26. More than 200 manufacturers and suppliers from 13 countries Including Australia, Canada,
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    • Article
      MEMO PAD
      187 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS tr New concepts In desk-top calculator^ Hyatt iKRK ApU May 13 Middle management course SITC SITC April 24 Effective Report Writing Hilton Consulasla April 24- Employee Training May 6,13, The effective 20 secretary Hilton SIM conference room POD SIM May 8-9
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      146 2 MITSUI TRUST Beacon of Progress •■Amm >... y ;,.vS Now at Shenton Way The Only Japanese Trust Bank Office in Singapore. Pfpr; k -f.vWe art Japan's oldest trust bank and command a kay. position in tha Mitsui Group. Our sarvicas ara worldwide in scope. We have the resaarch capability, a
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      659 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROBB 3 One who makes w for a bet? (5) 8 It's extra good for us (5) 10 Delia's scoop (5) 11 Bpoll a letter from Mary (3) 11 Junior entertainer? (5) 13 Workmen have a method of making this path (7) IS Wood's the man
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      1549 3 o* D The Swiss Bank Corporation in 1977 At the end of 1977, total assets amounted to Sfr. ***** million, higher by Sfr. 2900 million or 5.6% over the year before. The increase was wholly accounted for by our branches in Switzerland; our foreign branches also registered notable gains in
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      512 4 PRICES here yesterday were marked down slightly at the outset but the market later rose steadily on speculative and upcountry buying and forward demand, particularly July/September and October /December, to close at the morning's highs. Profit-taking at the highs was well absorbed. Turnover was moderate. The
      512 words
    • Article
      RAS PRICES
      293 4 Prices In emu per kilo yesterday 1 Noon [per kilo) Close [per kilo) Int. 1 R.8.8 prompt f.o.b. Int. 1 R.8.8. May Int. 1 R.8.8. June Int. 2 R.8.8. UK/Cont Int. 3 R.8.8. UK/Com Int. 4 R.8.8. UK/Cont Int. 3 R.8.8. UK/Cont. Buyers 202.73 203.23 204.23 198.23 197.23
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    • Article
      SSR AND SMR
      97 4 NOON S8R and SMR prices yesterday: May June HAS (Cur natMtfc) (Fsr ward Mlh) Bvyw I Sellers Buyer Sellers <"■ taper kg) (CM its per kg) SSR20 (1-ton pallet) 105.00 197.00N 106.00 196.00N S8R50 mn n (1-ton pallet) 183 00 195.00N 194.00 196.00N SMR5CV (1-ton pallet) 216.00
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    • Article
      Palm oil
      88 4 C.I.F. North European porta, In US dollar* per ton unleas otherwise stated. LONDON: Malaysia 5* ffa bulk per tonne June Sumatra 5% (fa bulk ft? June July August September Nigeria 5* fta bulk stg W»d—day 000air 860 sir 837.50 alr/835 pd 815 Sir/804.50/810 pd 800 alr/500/592.50 pd 585
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    • Article
      Closing prices
      30 4 Rubber: April 20 Singapore: May 204.50 cents (up 1.50 centa). Malaysia: May 210.00 cents (up 2.25 centa). Tin: >1,530 (up $10) Official offering: 187 tonne* (down 51 tonne*)
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    • Article
      Rice
      212 4 BANGKOK rice prices were quoted with rises of US$3 to $7 yesterday. (Prices In US dollars per tonne f.0.b.. basts Bangkok): White Rice: 100 pet Ist class 442. 100 r:t 2nd class 427, 100 pet 3rd class 422. pet 413. 10 pet 400, 15 pet 392. 20 pet 387,
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    • Article
      Duty rates
      69 4 THE MALAYSIAN Minister of Finance has fixed these rates from yesterday until further notice: Rubber: 206 cents per kilo. Com: M 5897.01 a ton Palm Kernel: M 5239 03 a ton The rates of duties payable are: Rubber: 35 1/8 cents per kilo (research cess 1 cent a
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    • Article
      Produce exchange
      412 4 THE RETURN of overseas buying interests made for steady to firm conditions on the Singapore produce market yesterday. White pepper prices rose by $10 per plcul and the blacks by $5. West European countries were in the market for white pepper and dealers reported some deals concluded. Some
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    • Article
      Coffee
      409 4 ROBUSTA futures ended the opening call In London yesterday irregular and mostly €5 to £24 per tonne down from Wednesday night. An exception was spot May which gained £5. Turnover was 334 lots. Spot May traded at £1,557 stg after an Initial rise of I*l2 at €1,564. September lost
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    • Article
      Sugar
      218 4 THE LONDON dally raw and white sugar price remained unchanged yesterday at £99 and £104.50. respectively. On Wednesday, sugar futures closed £1.25 to £0.70 per tonne down and the turnover totalled 2,980 lots including 31 options. Market sources said that after initially holding around the morning's lower levels, prices
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    • Article
      Cocoa
      144 4 TERMINAL cocoa In London yesterday finished a lengthy but not particularly active first call with on-balance gains of £0.50 to £17.50 having initially traded down from New York by £17.50 in near May at £2,020 per tonne. Dealers attributed the recovery to lower sterling and continuing underlying resale physical
      144 words
    • Article
      Soybean
      267 4 CHICAGO soybean futures ended a light, nervous trade with prices mostly lower on Wednesday. May closed up two US cents a bushel while other Months lost two to 7V» cents. Prices moved to either side of Tuesday's close, covering about a 15-cent range In nearbys and a sixcent range
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    • Article
      Lock icon House votes to ban options trading
      152 4 Reuter A HOUSE Agriculture Subcommittee In Washington has voted to ban most commodity options trading until the Commodity Futures Trading Commission (CFTC) can prove to Congress that It can successfully regulate the field. The panel acted as It began Its final work on a
      Reuter  -  152 words
    • Article
      Straits tin
      186 4 THE STRAITS tin price In Penang yesterday rose Mslo to $1,530 per plcul, on an official offering down 51 tonnes to 187 tonnes. Despite continued weakness In London on Wednesday, the market rose following decreased supplies of tin concentrates from miners. Generally, buying demand was particularly encourated from
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    • Article
      Lead
      89 4 LEAD finished the morning with all round gains of £1 per tonne in London yesterday. The early pre-market declined in sympathy with the trend In copper although the lower levels attracted short-covering, some of which dealers thought was prompted by physical sales to the USSR, although the actual tonnage
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    • Article
      Zinc
      99 4 ZINC finished the morning C 6 higher all round in London yesterday. Dealers noted that the recent selling in this metal appeared to be somewhat overdone and. as a result, short-covering and some fresh buying interest lifted Three Months from £291 on the pre-market ud to £297 during late
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    • Article
      Hongkong comex
      205 4 THE SUGAR market closed about 0.15 US cents higher in continued dull and featureless trading yesterday, ahead of the long weekend holiday. Turnover was steady at four lots, all In September delivery. The Hongkong dally spot sugar price eased 0.10 cents to T4O US cents. Sugar futures closing
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    • Article
      SPOT PRICES
      189 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China blue phoenix 201s 1.770. 32s 2.080. 40s 2,200 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head una. Five Lambs una. Flower and Butterfly unq. Flying Oeese unq. (per piece to
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    • Article
      Wheat
      81 4 WHEAT futures finished 2* to IK US cents a bushel lower but about four cents about the day's lows in Chicago on Wednesday. Trading was light through most of the session as prices swung to either side of the previous close In an eight-cent range. Local and commissionhouse buying
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    • Article
      Copper
      344 4 COPPER wire bars finished the mornlna In London yesterday showing allround losses of £3 per tonne. Values came under pressure on the pre-market from commission-house liquidation following the sharp decline In gold which tended to offset the easier trend In sterling against the US dollar. But moderate shortcovering and
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    • Article
      Silver
      167 4 SILVER on the London Metal Exchange was up 1.3 pence all round on Wednesday. The market was relatively steady during the afternoon although values drifted back following a downturn at New York. The morning market reflected overnight gains In US futures and the moderate rise In gold with the
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    • Article
      Gold
      546 4 THE KILOBAR tn SlngaSre yesterday opened at 13,089 and crashed to as low as $12,841 before recovering to close slightly higher at $12,916 In active trading. The price fell right from the start after the announcement by the US Treasury that it planned to sell 300,000 ounces of gold
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        453 4 THE US dollar firmed in foreign exchange markets yesterday following the US gold auction announcement but eased later in the afternoon when profittakers moved In. Opening at 222.60/70 against the yen, the dollar quickly shot up to a high of 224.80/50 in heavy trading. Profit-taking, however, brought the
        453 words
      • Article
        Minimum lending rates
        67 4 THE PRIME rate of moat commercial bank* in Singapore now stands at 7 per cent. Oversea-Chinese Banking Corporation is still offering 6*4 per cent to its best customers while United Commercial Bank is maintaining its prime rate at 7 < per cent. The stated prime rate of
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      • Article
        Asian $ & CD rates
        228 4 Asian CD rates ASIAN currency deposit interbank rates as at close on April 20: I S Dollar (Spoil Offer Bid 7 days 7 1/16 8 15/18 1 mth 1/4 7 1/8 2 mths ....7 3/8 7 1/4 3 mths 7 1/2 7 3/8 0 mths 7 13/18 7 11/18 9
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        Discount
        45 4 RANGE of prices offered by discount houses on April 20: Overnight 3*% Call deposit 3* to 3ta% CMaf Bayta* SslllM 3-Month Treasury bills 31/4 31/8 3-Month Bank bills 413/16 411/16 3-Month CD 4 15/16 413/16 6-Month CD S1/4 51/8 Source: National Discount Co Ltd.
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      • Article
        Euro $ rates
        159 4 Euro rates LONDON Eurodollar deposit rates yesterday opened higher in active trading following the New York Federal Reserve Bank's moves to drain excess reserves from the banking system. Period rates were adJusted higher for the loss of the Friday dealing date and, in addition gains of between 1/8 to 3/16
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        Frankfurt
        58 4 FRANKFURT exchanges opening quotes on April 20: U8 2 0630/ 45 (2.0433/ 43) Can 1 7906/ 25 Stg 3 772/ 702 D Ft 93.70/ 91 8 Fr 106 55/ 00 Lit 2.30/ 30 F Fr 44.77/ 92 N Kr 30 00/ 10 B Fr (con) 0.421/ 431 B Fr
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        London
        285 4 THE DOLLAR yesterday opened sharply higher here after news that the US Treasury plans monthly 300,000 ounce gold sales beginning May 23 and was underpinned by signs that the US Federal Reserve is moving to tighten US credit to help curb Inflation. Dealers said trade is lively and two
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      • Article
        New York
        256 4 BOLSTERED by indications that the Federal Reserve may be moving to tighten monetary policy, the dollar closed at its best levels of the day after a moderately active session on Wednesday. The Fed's action in draining bank reserves when Federal funds were trading at per cent particularly since
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      • Article
        Hongkong
        147 4 THE US dollar yesterday closed firmer in active trading here after demand for the currency was triggered by news that the US plans to hold at least six monthly auctions of 300,000 ounces of gold each, dealers said. Most interest centred around the mark and yen where the dollar
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      • Article
        Tokyo
        166 4 AFTER opening unchanged from Wednesday's close at 222.00, the US dollar for overnight delivery yesterday closed sharply higher at 224.40 yen. Trading was active with volume US$5l5 million. The US currency rose sharply on increased dollar buying by both foreign and Japanese banks following the gold auction news from
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      • Article
        Zurich
        56 4 ZURICH exchanges closing quotes on April 19: US 1.9155-0175 STO 3 5337-5374 Can 1 0092-4715 D Mk 93.59*4-7119 D F1 07 0093-9015 F Fr 41 0150-9063 B Fr 6 0253-0352 O Kr 34 0960-1433 N Kr 35.6107-6630 S Kr 41.7156-7663 Lit 0 2228-2231 Au» Kh 12.0163-01*7 Port 4 .0060-6230
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      • Article
        Australia/NZ
        57 4 AUSTRALIA and New Zealand exchanges on April 20: AUBTRALIA: US dollar 1.1412/ 1.13*4 Sterling 0.0230/ 0.019* Ninety-day air mall buying rate* Sterling 0.6403 US doUar 1.1712 Ninety-day forward buying rata* Sterling 0.6230 U8 dollar 1.1364 NEW ZEALAND: Sterling 0.563*/ 0 5609 US dollar 1.0220/ 1 0120 Ninety-day airmail buying
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      146 4 Study Accountancy with the Specialists Study with Foulks Lynch J io\[)o\ Since ISS4 I oulks I vneh have specialised in miormy Miulcnts trom all round the world lor the various \eeountane\ examinations and over tnese vcars have achieved 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other HONOURS and
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  • TRANSPORT
    • Article
      Lock icon Japan plans to purchase foreign ships for scrap
      504 5 UPI Reuter JAPANESE Transport Minister Kenjl Fukunaga said the government would discuss a proposed plan this week to allow the Japanese shipbuilding industry buy and scrap worn-out foreign vessels. He told the House of Representatives that the plan is aimed- at helping
      UPI; Reuter  -  504 words
    • Article
      Lock icon Paris attacks flag of convenience
      180 5 AP FRANCE has proposed sweeping changes in international maritime law including a drive to "rip out the roots" of the flag of convenience system, following the Amoco Cadiz pollution disaster. A paper presented to a current meeting of the UN Inter-governmental Maritime Consultative Organisation in
      AP  -  180 words
    • Article, Illustration
      SHIPS IN PORT
      415 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Serola (1200 after Hoegh Opal) 33/34 Cherry Vllja (B. Barge) (after Mobil Service) 48 Dolly Turman (1100 after Ocean Esperance) 1/2 Hongkong Mall (after Agjathls Juneau Maru) Kal Yun (0600) 10/11 Kyoten Maru (0930) 18 Mobil Service (B. Barge) >0700 after
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    • Article
      Lock icon Thailand sets date for first Hanoi run
      168 5 AFP THAILAND will operate its first commercial flight to Hanoi on May 17. Thai Airways Company said Vietnam is expected to operate its first commercial flight to Bangkok at about the same time. Vietnam and Thailand signed an air services agreement during Vietnamese
      AFP  -  168 words
    • Article
      Lock icon GEC BUYS $195 m TANKER
      82 5 Reuter US GENERAL Electric Co said its General Electric Credit Corp. subsidiary acquired the 190,000 deadweight ton B. T. Alaska from National Steel and Shipbuilding Co (a venture of kaiser Industries Corp. and Morrlson-Knudsen Co. Inc), for US$B4.4 mlllion(Ssl9s million). The company said it made
      Reuter  -  82 words
    • Article
      Lock icon US offers liner for sale
      97 5 UPI THE US Department of Commerce announced its intention to sell the liner S.S. United States, which it bought in 1973 for US$4.6 million (5510.7 million). The marine administration section of the Commerce Department said it would accept bids from a minimum of $5 million,
      UPI  -  97 words
    • Article
      Sea-Land paves way for stable freight rates
      856 5  -  By TERESA LIM SEA-LAND Service's disclosures of past rebate practices has paved the way for similar voluntary disclosures by other US lines. All these will help the Federal Maritime Commission (FMC) In its efforts to forge stable freight rates for US shipping in
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    • Article, Illustration
      Esso Atlantic pride of Japan
      165 5 THE 500,000-dwt 'Esao Atlantic" ia the largeat tanker to be built in Japan and ia alao one of the largest tankers in the world. It ia accond only to the two 550,000-dwt tanker a owned by Societe Maritime Shell of France. The hull geometry of
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    • Article
      Lock icon Majority in favour of US system
      568 5 NYT THE UNITED States won another significant aeronautical victory over Britain on Wednesday when an International meeting In Montreal endorsed the American-fostered concept tor systems to guide planes when landing in bad weather. The vote, taken by the member states of the International Civil
      NYT  -  568 words
    • Article
      Lock icon London freight market
      219 5 UPI BULK carriers stole the limelight on the London freight market which displayed a particularly healthy tone In the Western Hemisphere on Wednesday. Rapnaely paid U555,700 Bit day to the 30,846 dwt irlls (built 1977) for an April-May trip from Brownsville to the Persian Gulf while Orionbel
      UPI  -  219 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      683 5 1 ARRIVALS e Service Local t Operator Number Time From KAL KE807 0050 SEL 1 PAA PA005 0215 SFO/HKG 1 MAS MH682 0725 KCH 3 MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP SIA SQ209 1045 HLP 5 GIA GA944 1055 PKU f
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      179 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us for your local or onward reservations COLLECTINQ Oriental Anticwej by Judith Moorhouse and Dries Blitz [3 Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Investors take stock
      546 6 TOKYO INVESTORS adopted a wait and see attitude displaying caution am high share prices. Blue chips stopped rising on a broad front, although they opened at moderately high prices following Wednesday's gains. On the other hand, selective buying of Individual issues was strong. Incentive backed blue chips
      546 words
    • Article
      Hongkong
      371 6 EARLY trading wax rather listless yesterday but the market firmed up as the morning wore on with selective Interest In shares such as HK Land, Hutchison Whampoa and HK Wharf. When HK Wharf shot through the 18.00 level (at which price the eight per cent convertible loan stock could
      371 words
    • Article
      Sydney
      321 6 THE market closed generally lower yesterday with BHP falling four cents to A 56.44 on large turnover after the recent increased dividend. Dealers said the Wales fell four to 5.36, CBA five to 2.35, Ez Industries five to 2.15, Peko two to 5.02, Pancontlnental 20 to 10.30, Queensland Mines
      321 words
    • Article
      Manila
      122 6 THE market closed lower yesterday \~lth all averages declining but turnover rose to 3.37 million pesos from Wednesday's 2.63 million. All leading issues In minings, commercials and oils decline moderately as metal prices .abroad were low. apr a* Pesos AcojeMining 0078 -0 0004 Atlas Con. A Atlas Con. B.
      122 words
    • Article
      MIXED TRADING
      155 6 FA ROI'EAX MA liKF'/S L -1 FRANKFURT share prices were mostly mixed to weaker, though the majority were quoted at the close above the day's low, bourse sources said on Wednesday. AMSTER&AM share prices weakened over a broad front led by Akzo and Royal Dutch among Dutch Internationals,
      155 words
    • Article
      Frankfurt
      210 6 APR It Dm Aef-Telefunken 86.10 -1 Akzo 23 SOB Allz Leben AllzVers 472 -3 BASF 136 80 Bay H T Wbank 282 -1 Bay Vbank 309 SOB Bayer 138 20 -0.8 BBC 289.50 +0.5 BMW 214 unch Cassella 365 unch Chem Verw 243B Commerzbank 231 -1 Contl Gumml 74.60
      210 words
    • Article
      Amsterdam
      207 6 APR I* FU ABN 356 00 •1 Ahold 108 50 +0.3 Akzo 25 50 -0.7 AMEV 82.90 unch Amfas 10# 50 -0 8 Amrot Bank 77.20 +0.3 Bergoss Berk 55.80 -0.2 89 00 unch Bo Is 69 50 -3 BorsumlJ 150 10 1.1 Burhmann 68.00 unch Byenkorf 84 50
      207 words
    • Article
      Paris
      266 6 apr ir Frs CORBEILLE Air-Llquide B S N Gervals Danone CSF(ThomsonCsf) Cle Francaise des Petroles Compagnle Flnanclere Compagnle Generate Credit Foncler De France Hachette (Libralrie) Machines Bull Michelin (B) Parlbas Pechiney CIglne Kuhlmann Peugeot -CI troe n Philips (NvOem Bezlt) Prlnteim>sSA Rhone-Poulenc SA Royal Dutch Suezt Cle Flnan De)
      266 words
    • Article
      Zurich
      182 6 APR I* Franc* Actions Sutssps 287 1 Alusuivse Br 1190 -20 Alusulsse Reg. MS -5 Brown Boverl Br. 1595 •10 Clba Oelgy Br 1185 •15 Clba Oelgy PC 855 -5 Clba Oelgy Reg. MS -3 Credit 8ulsw Br 2185 -S Credit Suisse Reg 418 -8 ElektrowattBr. H10B 10 Oeorge
      182 words
    • Article
      Brussels
      94 6 APR I* Fri FORWARD MARKET Acec 200 unch Arbed 2140 -10 stur 814 Brascan 4M *4 Btu-Lamb 1560 -15 Canpac 484 -5 Cock 380 -3 De Beers 154 ♦2 Ebes 2450 unch Electro bel 6300 ♦20 Qb-Inno-Bm 2100 -50 Oe* 1360 -20 Hobofc 2455 -90 Petro 4170 -56 Ryl
      94 words
    • Article
      Milan
      95 6 APR I* Lire Ante 98 90 •2 AsaocOen ***** ♦300 Bailor 398 +8 Centra* 3345 -8 Flat 1925 +21 Flnslder 79.50 ♦4.5 0«n Immot 76 -1 75 IFIPrl 206® ♦7 Italcementl KH85 ♦85 IUl«aj 821 -14 Italslder 142.75 ♦8.75 MmgneU M PI 458 ♦22 Marelli Ere 271 13 Mxltob
      95 words
    • Article
      Bangkok
      141 6 An Bahts ♦A Asia Fibre 287 ♦4 Bangkok Bank 378 <2 Bangkok Invest. 370 >12 Bangkok -Metropolitan Bank Bala BerllJucker <82 +6 Carpet Intnl Charoong Thai Wire 300 +5 Dumex DusltThanl Ml <21 Faber Merlin First Trust 33« -4 Genera Finance 373 -3 Indo-Thai Industrial Finance Corp 2575 10
      141 words
    • Article
      Toronto
      347 6 THE market closed on a firm note In active trade on Wednesday. with the composite Index up nearly 1/2 point. Nine sub-groups were higher and five fell but declines outnumbered advances 230 to 227. Alcan Aluminium at 31-1/4, B.C Forest at 27 and Sterling Trust at 11-1/2 climbed one
      347 words
    • Article
      Jo'burg
      137 6 APR IV Rand MININGS Anglos SU >10 Anglvaal Befteis Blyyoors Brand Charter Cons Gold ConsMurch De Beers Def 1R Con* BR Prop* Baadrte EUburg Krfo rSDe* Freguls Oen Mng Ooldflelds Orootvl Harmon* Hartles Unq Kinross Kloof Leslie Ltbanon MMd WIU Mln Besources PSleyn Palamln Rand Sel Rand font Rusplat
      137 words
    • Article
      Market moves ahead again
      1013 6 NEW YORK Tk£ stock market. buoyed by continued strength and stability In the dollar, moved cautiously ahead after pulling back on Tuesday under a spate of proflttaklng. The market managed to overcome some midday retreat that followed news the Federal Reserve may have moved to tighten
      1,013 words
    • Article
      Selected indices
      65 6 FINANCIAL TIMES INDUSTRIALS Tuesday 114* to 115* H.K. HANG SENG Wednesday Ml .6 448.91 Tuesday 453.5 Wednesday 442 86 Week Ago 460.2 442 IS DOW JONE8 AVERAGE INDUSTRIALS Wednesday SOS.04 SYDNEY INDUSTRIALS Thursday 410.95 WH npvla v 410 25 Tuesday 803.21 403.80 Week Ago 766.29 ALL OR1 DIN
      65 words
    • Article
      Lock icon CAUTIOUS STANCE OVER STAMPEDE AT WALL ST
      850 6 NYT LONDON: The stampede into the New York stock market has excited European Investors but the majority have not joined In the rush to buy American stocks. When everybody has been talking about fundamental problems, what do a few days of price surges
      NYT  -  850 words
    • Article
      Activist shareholders grow sophisticated
      830 6 ACTIVIST shareholders are developing an increased sophistication In filing resolutions on social, political and environmental issues, analysts of such proposals and officials of the US Securities and Exchange Commission report, while the commission Itself is showing greater leniency in the resolutions It win accept for shareholder
      830 words
    • Article
      CHICAGO BOARD OPTIONS
      1445 6 April 19 TRADING on the Chicago Board Options Exchange was 222,458 contracts on Wednesday compared with 248,412 on Tuesday. OPTION APL JLY OCT STOCK Alcoa Alcoa 40 4 41/4 41/4 437/8 46 3/16 11/4 11/1 437/8 Alcoa 90 UNTRD NOL NOL 437/8 Alcoa 90 UNTRD NOL NOL
      1,445 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon The worst since 1971 for Merrill Lynch
      187 7 NORTH AMERICAN COMPANIES Reuter MERRILL Lynch and Company reported its worst quarterly profits since it went public in 1971. The nation's largest US stock brokerage firm attributed the poor showing to a weak stock market in the first two months of the year.
      Reuter  -  187 words
    • Article
      Kaiser Medusa Corp
      81 7 KAISER Cement and Gypsum Corp said it agreed in principle to a tax-merger with Medusa Corp of Cleveland for about $150 million. Terms of the agreement call for Medusa shareholders to receive either $47 a share cash, or 2.5 shares of Kaiser Cement common. The combined company
      81 words
    • Article
      Lock icon Chase shares to be increased
      488 7 Reuter CHASE Manhattan Corp shareholders at the annual meeting approved an increase In the number of authorised preferred shares to seven million from two million. Chairman David Rockefeller said in response to a shareholder question the bank has no immediate plans to sell the additional
      Reuter  -  488 words
    • Article
      Lock icon First quarter loss at Uniroyal
      242 7 Reuter UNIROYAL Inc, which reported a $2.7 million first quarter loss, expects more normal results for the second quarter. as overall company business strengthened in March, president J.F. Flannery said in remarks prepared for delivery at the annual meeting. The current quarter's loss, he noted.
      Reuter  -  242 words
    • Article
      Lock icon Likely distortion of results at Royal Dutch
      425 7 EUROPEAN COMPANIES Reuter LONDON: Currency movements may have cost Royal Dutch Shell between £200 million and £300 million In the first quarter under FAS 8 accounting policy, the company said in a statement here. Royal Dutch Issued the statement ahead of reported results
      Reuter  -  425 words
    • Article
      Lock icon Agip to prospect for oil off Vietnam
      154 7 UPI ROME: Italy's Agip Company signed contracts on Tuesday to prospect for oil In two offshore areas in Vietnamese waters, the Italian news agency Ansa reported from Hanoi. It said Agip, a subsidiary of Italy's National Hydrocarbon Agency, signed the two service contracts
      UPI  -  154 words
    • Article
      Stronghold at Lloyds unbuffered
      276 7 LONDON: Lloyds of London, British stronghold of the world insurance market, fended off American takeover bids for two of its companies. Its ruling committee said that no outside Insurance interest may. normally hold more than 20 per cent of a Lloyds broking company. The decision will
      276 words
    • Article
      Lock icon Japanese cars to cost even more in America
      247 7 AP THE price of Japanesebuilt cars is going up again in the United States. Nissan USA on Tuesday announced a 5.4 per cent boost on Datsun cars and pickup trucks sold in this country. The latest Datsun increase averaged US$265 per car
      AP  -  247 words
    • Article
      Swedish Svenska requires $100 m for North Sea oil field
      259 7 LOANS LONDON: The Swedish state oil company, Svenska Petroleum, Is raising a $100 million Euroloan from a limited number of International banks which will help finance development of the Valhall oil field in the North Sea, Euromarket bankers said here.
      259 words
    • Article
      Lock icon Nippon Telegraph
      49 7 Reuter TOKYO: Nippon Telegraph and Telephone Corp (NTT) said it will issue 60 billion yen bonds on the Japanese domestic market later this month. The bonds will be priced at 99.50 per cent with a coupon or 6.2 per cent to yield 6.281 per cent, it said.
      Reuter  -  49 words
    • Article
      Wyllie predicts good year for Hutchison
      389 7 ASIAN COMPANIES HONGKONG: Hutchison Whampoa Ltd chief executive Bill WyNle said the group will achieve "a very acceptable level of profits" for 1978. He declined to make a specific forecast or to comment on analysts' estimated of HK$23O million to 235 million before deduction
      389 words
    • Article
      Lock icon China Light
      35 7 Reuter HONGKONG, China Light and Power Co Ltd declared second interim dividend of 23 cents (20) making total so far of 46 (40) for year ending Sept. 30. Books close on May 13.
      Reuter  -  35 words
    • Article
      Lock icon Transvaal gold mines results
      257 7 SOUTH AFRICAN COMPANIES Reuter I ANOLO Transvaal Conso- lldated Investment Co Ltd said results for group gold i mines for the quarter ended March 31 are as follows, in order; taxed profit (million rand), gold produced (kilos), yield In grams/ j tonne and cost (rand per
      Reuter  -  257 words
    • Article
      Uranium recovery fallen
      129 7 JOHANNESBURG consolidated investment Co Ltd said results of group gold mines for the quarter ended March 31 are as follows In order: taxed profit In million rand, gold produced in kilos, yield in grams/ tonne and cost in rand per tonne milled (with previous quarter in brackets).
      129 words
  • OVERSEAS
    • Article
      Lock icon Tax-freeze joy in Barre's new programme
      782 7 Reuter FRENCH Premier Raymond Barre announced on Wednesday a 12-month freeze on company, income and value added taxes when he presented his new government's programme to the National Assembly. Seeking a vote of confidence, Mr. Barre said his aim is to achieve lasting stability
      Reuter  -  782 words
    • Article
      Lock icon Minister hopeful of reaching pay accord
      405 7 Reuter UK EMPLOYMENT Minister Albert Booth said he believes the government and trades unions may reach next agreement on pay by August. He told the Scottish Trades Union Congress In Aberdeen that the government will discuss arrangements appropriate for pay and prices to reduce
      Reuter  -  405 words
    • Article
      Lock icon Investment benefits
      177 7 Reuter TAX benefits to encourage investment In shares, proposed in principle by French Premier Raymond Barre, are thought most likely to be made through income tax deductions, Bourse sources said. Mr. Barre gave no specific proposals but the sources noted a government commissioned report published in February recommended
      Reuter  -  177 words
    • WORLD IN BRIEF
      • Article
        Lock icon LOAN FOR BANGLADESH
        453 7 Agencies BRITAIN will provide £22 million (Ss9s million) to Bangladesh over the next five years to help reverse the decline in tea production and improve the conditions of tea estate communities. Output has dropped and the living conditions of tea estate workers worsened since the loss of
        Agencies  -  453 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      161 7 v> Kit |Rll° HI I H* S «r < y. >7V »v C />- r Jr <S>». t-^ -rvv i <" >> yr *T* 4/\Aj This book comprises a mouthwatering setection of over 200 recipes for all the family It is illustrated throughout in colour, with step by step photographs
      161 words
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  • Article
    No intention to end monetary role of gold
    483 8 THE SIZE of the planned sales of gold announced by the United States is plainly aimed at giving the dollar a more stable look In International foreign exchange markets rather than to put the wind up gold speculators. However, the move appears
    483 words
  • Article
    Tax cuts will only drive up prices
    282 8 THE Carter Administration is seizing the 0.6 per cent fall In growth rates with alacrity, using it as an opportunity to push Its tax cuts proposal through. At a time when the US economy Is finally making a painstaking climb back to recovery,
    282 words
  • Article
    Lock icon Legislation disrupts West Germany's long labour calm
    1225 8  -  GERMANY is Buffering from an unhappy paradox legislation designed to increase worker participation (and presumably therefore, also industrial harmony) on company boards of management has created more labour unrest than Germany has seen for a generation. It this a warning against similar plans
    FT  -  1,225 words
  • Article, Illustration
    The city must sell itself now
    965 8  -  LETTER FROM AMERICA by John Tan PICK UP any copy of the Economist, that renowned British financial publication, and you cannot fall to notice the full-page advertisement which very un-Brltlshly proclaims, "Most states in America offer your business some of these advantages. Only New
    965 words
  • Article, Illustration
    Lock icon Losing control in socialist Sweden
    601 8  -  iy WORN EDLUND UPI THE 15 families that largely control socialist Sweden's Industry are losing managerial power even while their share of the economy is growing. In the country often named as a model of socialism, private owners control more than 90 per cent of
    UPI  -  601 words
  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      61 8 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated shouoers. Report for 24 hours prior to 7.30 p.m. on April 20 at the airport. Maximum Temperature 32.2° C Associated Humidity 50 Minimum Temperature 23.5° C Associated Humidity 90 Hours of Sunshine 7.7 Rainfall in Millimetres 0.3 Total Rainfall
      61 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      257 8 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee To Attack The Beauty Fort (A Mandarin film) 4.30 Intermission 6.05 Opening announcements followed by Exercise With Gloria 0 6.30 News in Brief 0 6.35 The Tony Randall Show Case: Whatever Happened to Mary Jones? 7.05 In Search Of The
      257 words
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  • Article
    Employers now ask for givebacks
    975 9  -  •y JURY FLINT A NEW WORD Is coming Into the labour negotiators' vocabulary. It is "Glveback". For 30 years the emphasis in bargaining has been on union demands: seniority rights pay, pensions, layoff protection, time off and medical care. Unions are not ignoring their goals,
    975 words
  • Article, Illustration
    Hussein replies to NEP criticism
    1422 9  -  By A. KADIR JASIN DATUK Hussein Onn could not have picked a more fitting occasion to reiterate the Malaysian government's total commitment to the New Economic Policy as a vehicle for the creation of a united, secure, socially Just and resilient nation than the launching
    1,422 words
  • Article
    STRAWS IN THE WIND
    606 9 THERE is a very good reason why James Corazzini a 50-year-old baker, doesn't have to pay alimony to his wife. He is a woman. A Californian court has ruled that Corrazzini is physically a woman and the couple was therefore never legally married (despite their two
    606 words
  • Article
    Lock icon Dollar down, salary up
    705 9  -  Br MITSUAKI IWASE UPI AMERICANS abroad might be having a hard time as the dollar spirals ever downward, but for hundreds of Japanese businessmen In the United States It has meant an Increase in salaries and shopping sprees for their wives. Others are not so lucky.
    UPI  -  705 words
  • Article
    A look at what one executive reads
    1038 9  -  r ...0D economics By JOHN DRYSDALE SINCE he never reads this column I feel quit comfortable about disc usslng an interview I had with him and, do so because he doesn't read this, column. I don't bla me 1 Um one bit, but
    1,038 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      243 9 UROPE and UK/IRELAND gaggg iate«onnections Central and r cities in ica. WW* L> 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, Sarawak, East Malaysia.
      243 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      56 9 BribtoTAT:FVacjc Dickens TTORHUIG. GGHTItnCK. i Dart'T e»4CoOCFsGt. VAtnn To WlVf-WE. see 6*4ouc?h of WtS T\|flE. KT ujtCH Titles... UKfc ft OF WILp BNTORLS POSHING PVND SHOVIMG TRkfeS us IHC BfeST fIRPT OF OUR vjunch hook to Gerr KN>MH€J2e HEFMi TH£ Cou*rre*. L£.T fcione GeT seßveo J Odd m -ntXriG PIOOOT
      56 words
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  • BUSINESS TIMES
    • Article, Illustration
      Where the jungle is not neutral but friendly
      1857 10  -  By SIVA ARASU THE MORNING is like sandalwood, with a sweetness to the air under skies grained with the yellow dregs of last night's storm. And we are in the Jungle. It Is not a Jungle of sinister mystery or of trees
      1,857 words
    • Article
      Holidays with a difference
      664 10 THERE was a time when travel was considered a luxury. Not anymore. Rifting tfflwu* has changed afl that. Today, a holiday is budgeted for like aay other essential expenditure. But unlike other pursuits, travel it still a new recreation with moot people. So it is not
      664 words
    • Article, Illustration
      SKI to your delight in the Dragon Valley
      1165 11  -  ■r SIVA ARASU IF SKIING makes you think the Alpine or Aspen slopes and a prohibitively expensive holiday, cast your *£s'.nearer home. More specifically, this is South Korea's Dragon Valley International Ski Resort at the lofty mountain pass called Taekwallyang, 860 metres
      1,165 words
    • Article, Illustration
      Betting your last dollar in Las Vegas
      1213 11 WHEN THE topic Is on gambling, conversation generally focuses on Genting Highlands In West Malaysia, Macao, the Porj tuguese enclave off Hongi kong and occasionally the Ancol Casino in Jakarta, Indonesia. These are excellent gambling spots and very close to home and is
      1,213 words
    • Article, Illustration
      Anything goes at festival time in the Philippines
      1300 12 ALL COUNTRIES, creeds and cultures have their own distinctive festivals and holidays. Some like Christmas or New Year. are. widespread while some are celebrated only in tight localities or among closely defined groups of people. Few of the celebrants either know or
      1,300 words
    • Article, Illustration
      Singing the praises of opera festivals
      1584 13  -  ■y KSR FOR CULTURAL buffs, Europe Is a paradise. Its long and distinguished cultural tradition has resulted In a core of festivals that normally coincides with the peak tourist season of August/ September. Each city boasts Its own legacy. All major European cities has
      1,584 words
    • Article, Illustration
      Your islands in the sun
      1373 14  -  •y TERESA LIM IF FISHING is your one ?;reat love, the Maldlve slands are paradise on earth. This would be especially true for the avid fisherman with less than noble skills in the old and fine art of garoupa hunting, or whatever your seafood preference
      1,373 words
    • Article, Illustration
      For the golfing buff Scotland is a must
      1021 14  -  By KSR SCOTSMAN. Govofin' a' day, Dae'in nae work at a' Rtnnin' a boot tvi'a bag o' sticks Efter a wee bit ba'. DEVOUT Catholics look forward to the day they will visit the Vatican in Rome. Muslims yearn for the day
      1,021 words
    • Article, Illustration
      'Armed' to the teeth for roughing it out
      1034 15  -  Ilsa Sharp .THERE IS nothing like bttter experience for teaching you what you really need '•■when travelling, especially in the rough. Take for example how I learned that salt, not matches, were the best way to deal with tropical forest leeches, when
      1,034 words
    • Article, Illustration
      Nepal—a Shangri-la of infinite charm
      2571 15  - Nepal —a Shangri-la of infinite charm Br ILSA SHARP IMAGES of Nepal depend rather on your personal standpoint, even if you've already been there. If you go there expecting hippies, drugs, dirt and poverty, you'll have no trouble finding them. If you go there longing for saffron robes, twirling prayer
      2,571 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      248 10 ASEAN Trade Fair '78 May 7 to 21 MANILA The special significance of the first ASEAN Trade Fair. r "W v V v H I X f Jfe J, Enjoy it first on Philippine Airlines' special "Friend of ASEAN" fares. For a limited period only, visitors to Manila will enjoy
      248 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      337 11 v f,^sJke w •>» -c; »i flcnr> jp*#i.s£ "~*m *vo >♦ x ~l' ,i~X, On your way to Europe, why not see Pakistan, the country that has such a variety of landscapes and climates we call it our country of countries. Pakistan International will fly you to Europe via their
      337 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      261 12 Global Your assurance of the best value in European Holidays Here are 8 good reasons why you should see Europe with Global. Thirty Years a Best-Seller— Global with over 30 years experience, is a wellknown name in Europe and S.E. Asia. Your Global CoachGlobal operates only the most modern and
      261 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      317 13 Fly Korean. It& about experience. It's about the kind of experience that matters. Fly Korean and youH fly with real experience. Like the captains of our widebodied jets. They're all million-mile pilots. Without exception. Few airlines can match the toughness of our training programmes, both in the air and on
      317 words
    • Advertisement
      Page 13 Advertisements Column 2
      261 13 Well show you more of the world. Alitalia has as many as 9 services out of South-east Asia alone. Alitalia makes 9 departures a week from South-east Asia's three major gateways Singapore, Bangkok and Hong Kong. And you have a choice of flying 747s or DC-10s. With such a comprehensive
      261 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      233 14 Pan Am's World presents America 78 h- L Lot Angele* Ditneykutd IV. I 1 ;■> W\ i < ML I Nfclfc fey t: La* Vegai z&m Sam Fnutcuco 18 dajs in USA and Canada $3756 Fly Pan Am's R-747-SP via Hong Kong to beautiful, bountiful, beckoning America for a holiday-of-a-lifetime.
      233 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      243 15 s m •g. f. m. m •a m w V w' m a I Va m j h a I' J««S !!9 .51;=*3S \> 52? 111 l \'V/ i Ci 1 M© as t ©P^ s x <0 >£-* V-* IT*"' V i 1 A well-read person is a well
      243 words
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  • Article
    SHARE INFORMATION SERVICE
    2466 16 1*7> *Hl«k Low Cwiptay Lut Sal* ♦«rGfc's Dhr Dhr C*TT <**• YH IS Val C66»> Day Hick Lmm 4 SECnONONE INDUSTRIALS *181 •213 •136 *225* *72 Mi >47 ,183 ■334 *420 •140 132 123* 112 195* 60* 191 144 256 394 123 Acma Alcom Allied Choc Bata
    2,466 words
  • Article
    Transactions in Kuala Lumpur
    1710 16 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* Aitnamata (2.H8) XALU Alcam (1.918 1 Ml) XALL Ala« Maid
    1,710 words
  • Article
    Transactions in Singapore
    1638 16 810 and offer prices officially luted 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
    1,638 words
  • Article
    Government bonds
    131 16 1/2% 15/8/78 (100.000) (1) 100.60 5 1/4% 15/18/79 (250.000) (101 308 101.60S) 5 3/4% 1/8/78-80 250,000) (2) 102.45 4 3/4% 15/9/80 (250.000) (100 208 100.40S) 5% 15/4/81 (250.000X2) 100.70 5% T F 15/10/81 (250.000) (102.70B) 5% T F 1/5/83 (250,000) (100.458 100.555) 5 3/4% T F 15/8/81-84 250,000)
    131 words
  • Article
    Stock options
    73 16 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. C and C (June 82.20) (1.108 1.225). Inchcape (June 81.98) (0.108 0.1 IS) (14) 0.18.
    73 words
  • Article
    Unit trusts
    150 16 SINGAPORE UNIT TRUST INCOME BOND UNIT i Manager*' price for April 21) (Curreat pr £M) The Commerce 196 2.08 INCOME BOND 1.04 1.10 The Saving Fund 1.14 1.21 S pore Prog Fund 0 94 0 99 MARA BUMIPUTRA FUND S' pore Security Fund S'pore Invest Fund 1.80 1.91
    150 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      594 16 Wa mwimpi a I V&Bft A." m*i SB IL IW9l'-IV^>•-.■• '&S > f rl M Orchard Road, S'pore 9. Tel: *****2 406/407 Havelock Road, B'pore S. Tel: 4SMtI Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester
      594 words
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  • Article, Illustration
    API in the limelight
    745 17 SINGAPORE SPECULATIVE activity in second liner Associated Plastics Industries took it to a high of 11.76 in mixed to steady conditions on the Stock Exchange of Sings* pore yesterday. This counter began one cent lower at 11.58 but shot steeply up to close at $1.76, 10.7
    745 words
  • Article
    Kuala Lumpur higher
    475 17 VERY active trading conditions were seen In the Kuala Lumpur stock market yesterday as strong bullish support continued to buoy prices of selected shares considerably higher. Market sentiment was very strong and some counters recorded gains of as much as 16 cents. The buoyant trading conditions yesterday
    475 words
  • COMPANY NEWS
    • Article, Illustration
      Malayan Flour sees smaller rise in profits
      550 17  -  By DAVID CHOW KEEN competition in the flour-making business is apparently taking its toll on Malayan Flour Mills' performance, as its latest results for the financial year to end-December 1977 Indicate. Against the six-fold leap In profits attained in 1976, last year's performance
      550 words
    • Article
      SES wants JM details
      154 17 FOLLOWING the suspension of trading in Jardine Matheson (SEA)'s ordinary shares on Monday, April 17, the SES has requested the company to announce full details as soon as possible, after which the suspension would be lifted. The Exchange asked if clearance had been obtained from the
      154 words
    • Article
      Chem Industries reveals stake in property project
      645 17  -  By GOH HIANG FONG ALMOST four months after the event. Chemical Industries (FE) has informed the Stock Exchange of Singapore that It has invested $3.4 million In a Joint venture property project. The project is being undertaken by the group's 83.3 per cent
      645 words
    • Article
      DIVIDENDS ANNOUNCED
      647 17 Currant Bt Books Data Total far Tatalfar previous] M. Bnwwiw payment Dale close payable theyaar 8%I Apr 11 Apr 18 Apr 22 8% 29% K.L. Krpo«( Deb G.E. Life 6 25%(g) Apr 7 Apr 19 Apr 25 10*% 22%(*) Apr 17 Apr 24 Apr 27 33% 29% A.
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      SCRIP ISSUES
      181 17 Company Consolidated Particulars Books Close Ex Date Plantation* Kempaa (Malaysia) Sime Darby KramatTin United Overaeaa Bonus Issue of 3 for 1 Bonus Issue of 1 for 4 Bonus Issue of 1 for 1 Bonus Issue of 1 for 5 tiff o Apr 21 Apr 21 Apr 26 Apr
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  • Page 17 Advertisements
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      316 17 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel. *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA IS Claymore Drive, Singapore
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    Lock icon Saudis' pledge on currency stability
    504 18 Reuter BAUDI Arabia's Crown Prince Fahd Ibnl Abdul Aziz said his country will continue to work for world monetary stability in spite of heavy losses sustained as a result of exchange fluctuations. Such instability had increased recently and is causing great anxiety to the oil
    Reuter  -  504 words
  • Article, Illustration
    Promoting trade the feminine way
    245 18 VIVACIOUS blue-eyed blonde, Kathleen Muetlng, Miss World Trade '78, breezed into Singapore last night to promote International trade and convey greetings from the mayors of Los Angeles and Long Beach. Unlike leaders of economic missions who go for cold statistics and highpowered sales talk, Kathleen
    245 words
  • Article, Illustration
    Lock icon Second quarter shows sign of perking up
    730 18 THE BAD WEATHER IS OVER NYT ECONOMIC growth was temporarily halted In the first quarter, mainly because of bad weather and the coal strike, but activity is perking up again as the second quarter began, the US government reported on Wednesday. Commerce Department
    NYT  -  730 words
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    Lock icon Higher estimate
    87 18 Reuter THE US Commerce Department hat revised its estimates of fourth quarter 1977 after-tax corporate profits upward by US$lOO million (Ss23o million) to a seasonally adjusted annual rate of $105 billion. After-tax profits for 1977 were unchanged at $102.5 billion compared with $92.1 billion in 1976. Fourth quarter
    Reuter  -  87 words
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    Lock icon EMERGENCY IMPORTS MUST INCREASE
    621 18 AFP Reuter EXTERNAL Economic Affairs Minister Nobuhiko Ushlba stressed the need for Japan to increase its "emergency Imports" to more than UBs4 billion (559.3 billion) in fiscal 1978, ending next March, to reduce its snowballing current account surplus. Speaking at the Japan National Press Club In
    AFP; Reuter  -  621 words
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    LONDON STOCKS
    800 18 LONDON, Thurs. The market closed lower after a moderately active session. At 3 pm the Financial Times index was off 5.8 points at 455.8. Gold shares retreated as the bullion price declined on US plans to hold monthly gold auctions. Heavyweight Issues fell up to US$l (552.33) prior
    800 words
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    Wee is chief of new federation
    135 18 MR. WEE Cho Yaw, president of the Singapore Chinese Chamber of Commerce and Industry, was yesterday elected the first president of the Singapore Federation of Chambers of Commerce and Industry. Vice-presidents are Messrs M. Ohazall Caffoor, Malay Chamber of Commerce, Llm Kee Ming, Chinese
    135 words
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    The failings of multinationals
    651 18  -  •r CHARLES CHAN WHILE multinationals operating in Malaysia have contributed to output growth and generated employment, their Impact on the economy has failed to meet the aspirations of the people, a seminar on employment policies was told. In a paper on the impact of multinationals on
    651 words
  • Article
    Corps of home experts?
    220 18 A CORPS of experts comprising government officers has been suggested to reduce Malaysia's dependence on foreigners. Such a corps could be formed through training and providing as much experience as possible to qualified and capable officers, the Deputy Prime Minister, Datuk Serl Dr. Mahathir Mohamad said.
    220 words
  • Page 18 Advertisements
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      120 18 SENIOR PUBLIC RELATIONS CONSULTANT WANTED The Singapore Branch of a large international consultancy requires an experienced oonsultant to service major international accounts within the framework of programmes mainly directed towards market support, corporate identity and employee affairs. The consultant must have: Sound newspaper writing experience. An abi\|ty to control account
      120 words
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      Page 18 Advertisements Column 2
      335 18 LEADER...PAGE t Slow boat \i\^ tADf Br W-: «*fwr k 4 (L#*i SffiSdO® CHINA TRADE QUARTERLY BT Far East Publications gy 1913, Hanglung Centre, Peterson Street. Causeway Bay, Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivelent in
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    SHIPPING TIMES
    3861 19 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Line involved, and the estimated dates of arrival and departure from Singapore port t Conaortluw SeaoDntcb ku Joint service urufontni
    3,861 words
  • Page 19 Advertisements
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      433 19 Scan Dutch V Fast and Regular Service To/From N.C./SCAN AW.MED. Every 10 Days. Singapore: Tel. *****, Port Ketang: Tel. *****1, Kuala Lumpur Tel. *****, Penang. Tel. ***** SHIPPING S Seatrain Pull Container Servirp Tr inu mothei AWJUI 22/4 imtrm A »ESSEL 21/4 AWJSEL J/5 Lines Inc (USA) Trans Pacific Service
      433 words
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      Page 19 Advertisements Column 2
      406 19 SAGASIA PTE LTD Xfc. MINTS FOR:OCEAN LINE REGULAR NON-CONFERENCE SERVICE FAR ERST TO PERSIAN GULF tftMC MUM LOAPIMFOt: Ml. OCEAN DIAMOND taftrt 22Apr UmM/Hmm N.V. OCEAN SUNT 24 Nt? brtcfc/lffTM. N.V. OCEAN ACT HlaM UntMJUrmm SUBJECT TO IMWCENINT to COLOMBO/BOMBAY Ml ONN(D I sua AfiENTI P. KLUC PIP SKIPPING SM
      406 words
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      Page 19 Advertisements Column 3
      439 19 SHARJAH SHIPPING CO. LTD *> -aj, ju (UNITED ARAB EllißiTESt v fIHLI SHIPPIOG UOi (UNITED ARAB EMIRATES) S port P Umi Mi MU V? to** «/MM» Mil !7/a Mr WIN FAR EAST ARABIAN LINE i« to>* Sftvtc o» s«*ai*H SMir»mt SHtuin, mo «ut su siuhsnk j* «>t>l Soort P KW«|
      439 words
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      Page 19 Advertisements Column 4
      25 19 NedHoyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****, Port Keiang: Tel *****1, Kuala Lumpur Tel. *****. Penang: Tel. *****
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      377 20 SHIPPING Hapag-Lloyd i age N ts ANGLO-FRENCH TRADING S.na.oor. «j«ll Lumpur 03 *****4. 03-M2IJ7 Book ng» *****88 Port K«i»ng *****1 3 CFS *****8/7/8 OFS *****88 Terminal *****51 Pen.ng ***** 8 Ipoh 05 2663-4 SUMA LINE COPf NrIAHFN EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 DAYS S PORE P. KELANG
      377 words
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      855 20 I 3 SANKYO LINE] AUSTRALIA SERVICE P. Ma* ftww Uj*m tar MAY CARP MPOCT KYOTEN MARU 2C/29«pc LOGISTIC ACE 5/« May HAY BREEZE 14/15 May SAILED FKCM. ADEL, MEL SVD 31/39 Apr AOEL. MEL, SYO 7/S May AOEL. MEL. SYO 12/13 Ma* MIS. SYO. MEL BANGLADESH SERVICE MAY BREEZE 21/21
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      Page 20 Advertisements Column 3
      491 20 i LAND U.S.A./ ASIA SERVICE f VESSEL/VOYAGE Vessel C> Arrives /departs 500PM RAPHAEL SEMMES V-939. .AW2S/26 APR 24 PONCE V-323 MAY 2/3 MAY 1 GATEWAY CITY V-695 MAY 9/10 MAY S PONCE V-324 .MAYIB/17 MAYIS EAST SERVICE Or*/R«tor CmUmt bmci to DM WORLD LION V 2 WORLD TIGER V 4
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      Page 20 Advertisements Column 4
      1130 20 Everett Lilies Dmiiwi Fin St* ShippMf Ctrft. "BURMESE NATIONAL LINE' PNAJHRKSTRNVMI F SS C AgfiH m Molovvo TEPS MALA YSIA P tteioog TH (MV-7355 Ptoong T«t *****/ ***** lataraatiMiitM S. A. C.I.F 'ARGENTINE NATIONAL LINE* i IOADiNC 'OR DURBAN CAPETOWN BUENOS AIRES fnJl Tramportsdon Maritima Mtxicaoa S. A. "MEXICAN NATIONAL
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      Page 20 Advertisements Column 5
      561 20 H lARDINI AM Ml Orient Overseas CwicjMeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) FULLY CONTAINERISED SERVICE FROM EUROPE (Vl* SUEZ) NEPTUM nun. IE 24/ 1 CHtWKIMZEK 3/5 H ROM CONTAINER X (M NERCATORtE 11/1 ORIENTAL CHIEF IE 24/1 1 SEAS MIKE 15E 31/1 ORIENTAL RESEARCHER 21 C/C CHEVALIER
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      1339 21 UCL Overseas Containers Limited CONTAIMfKSMP SERVICE TO RR/CO*TIN£*T: F\ H'bur| P'dam Lc S'tw S pore P Kelang D'mark Brem A'nerp Haore U.K. KHA VON 22 Apr 21 Apr 11 May 11 Mar M Ma/ II May I Ma» MM KMC EIPMSS 10 Apr 1 May 21 Ma/ 21 May 24
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      Page 21 Advertisements Column 2
      1213 21 Ben Ocean Ajomt service of Ben Line BJue FhnnelCten Line and NSMO Tl UK/CONTINENT <na lMt> Dm $<iflpirt P. bill Fttianf Enroot PATRtCLUS SrtK It/11 Ma* It, II Mr 11 M IrltM. Atist. HV|. L 000 l L'poot. tENMNOR 11/1S Apr lt/27 Mr 2* May L ux*. Le.i«es. Hall KKNICUI
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      Page 21 Advertisements Column 3
      698 21 m m BEN LINE EDO rM\w/i/*;>v iH E BEN ASIA CONTAINER SERVICE EXPRESS STRAJTS/lAPAN/STRAJTS CINTAINEI SERVICE S'oore P Kelang Penang Toko OsaKa iftlx "op HURON MABU l» S»'IH 71 Apr Ml! I Mil 1 M»| AS>AN PEtASUS 442 M*» (May Mat ,71 Mat 71 Mat ASIAN PALLAS 411 14 Ma,
      698 words
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      Page 21 Advertisements Column 4
      1195 21 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Factfei Iron P. KOMI «tiu! TRVAM4 FIMCISCI 22/ 4 UIIIIM FRANCfSCA 0/ S NTliMli EKMMI It/ I Hit. KIFT FUMISU M S ULtMU S part U Msaillel 2 Rdarn 3) Htxrf 4) Star* MMt If S 11/ i
      1,195 words
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      Page 21 Advertisements Column 5
      743 21 GUTHRIE BOUSTEAD THE BANK LINE LTD. LOUS FN E l S AFRICA TEST BANK (Mppritwe, Derton. '"c>. M-. Cwlew) P»na«c p I— S FORTUNE HM (Mavritms. Reen.on, Derbert. LL, M, Capetown) PfM<u P Ketone 27/18 S'pore a/ from iut a iwn africa wum u«u FORTUNE ST At Penang P Keleng
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  • Page 22 Advertisements
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      808 22 KAWASAKI KMBN KAMA LTD. Line FIXED DATE FORTNIGHTLY SERVICES CONVENTIONAL/CONTAINER/REEFEB FROM CM AM/ISA PACIFIC COASTS—2S DATS n WESTON AUSTRALIA POITS-I UTS ISTItt lAKKC EMMA UUE ■MM UUE LA/Sf S'pore P. Kelany Framantle IS/a Mar S/n Apr 24/25 Apr i M Apr I Air 2' 4 Ml) IP/2S Mlf 12/21 Apr
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      Page 22 Advertisements Column 2
      1069 22 E.C.-B.SJUMUUmC/SOLF SEANCE uxtmm Rtyui MMI mm run. r. m Lead.* tar: NORFOLK. NEW YM«, NSW ORLEANS, NMSTM -VisiWA DHARMA" (MSA 22 SCI) 10/11 May May 21/12 May n/N Mil E.C/GREAT LAKES SERVICE Laa«« far: NORFOLK. NEW TIM. MONTH At. TORONTO. ASNTADULA, OrtHlT, CNICAOO. VISNVA VIOHUTI' or* 21 SCI) S/ I
      1,069 words
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      Page 22 Advertisements Column 3
      1103 22 NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: 22 Apr Apr 21 Apr 24 Apr QUINTAL ItSEAECKR 22 Mr 21 Mr ««IJ CM EVADE! PA* 2« Apr 2* Apr 1« KEPT WE COtAl 4 Mar S Mar 22 Ma* 21 Ma? NEPTQNE PEARL 17 May II Ma» 4km I Jaaa CNEVALIEI
      1,103 words
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      Page 22 Advertisements Column 4
      677 22 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCRHAO TIL- KL *****. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA vcst bouni •P. KflU( VMUI S'eort 1) Mm.lit! 2) Mil 3) Whuff 0 Cbarg aim KcMtif uttraMitU t»l« t» Natgkaig I "M" EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Mm P. Ktlang Ptnang Lutiq far BUNCA tun
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      Page 22 Advertisements Column 5
      681 22 KHUI INBCPENBENT SEMI/FRI CWTAIKR SERVICE T» EIWK M V IN VINAY M.V. BELVAL (CONTI. SNIP) AESIS ATNENIC S pore f. Keiang Penang H Apr li Mr 4 May •Accaptiaf li'L tar aaiar M At UaatS: Siafapart mil ASIA (FT!) ITS Lm4n( Far A'aerp/Tdam/Wburg. M'seiHes/S'ton/R'dan/ Hburg/G'burf. S'twi/ritom/H-buri;' A'werp. b. lmt via
      681 words