The Business Times, 13 April 1979

Microfilm: NL10129
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 14C/1/78 FRIDAY, APRIL IS, lf» 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Dollar decline ends
      64 1 AP TOKYO, Thurs. The US dollar ended its threeday decline against the Japanese yen today although dollar-selling by the Bank of Japan kept its rise small, dealers said. The dollar closed at 213.85 yen, up from 213.425 yen on Wednesday but below its recent high of 215.375
      AP  -  64 words
    • Article
      Lock icon Hussein's China date
      59 1 AFP. KUALA LUMPUR, Thurs. Malaysian Prime Minister Datuk Hussein Onn is due to begin his week-long visit to China on May 2, it was reliably learned here today. The visit, the first by Datuk Hussein to China, is at the invitation of Chinese Vice-Premier Mr Deng Xiao-ping,
      AFP.  -  59 words
    • Article
      Lock icon Post-Amin joy
      51 1 AP. KAMPALA, Uganda, Thurs. Ten thousand cheering Ugandans, many lugging booty from looted offices and homes, rallied today in midtown-Kampala to celebrate the ouster of tyrant Idi Amin. In a matching rally in Dar-Es-Salaam, Tanzania n President Julius Nyerere said his country is recognising the new Ugandan government.
      AP.  -  51 words
    • Article
      Lock icon Executions go on
      70 1 AP. TEHERAN, Thurs. Firing squads across the country today shot to death eight more officials and supporters of the old regime, including a former mayor, a general and the local chief of the ex-secret police, according to the state radio. The new executions bring the total number
      AP.  -  70 words
    • Article
      Lock icon Buy less
      71 1 Reuter. TOKYO, Thurs. The National Iranian Oil Company has asked Japanese trading houses and oil firms to cut crude oil purchases by 20 to 25 per cent under long-term agreements for shipment this year, Japanese importers said. One major trading house official said his firm has complied. No
      Reuter.  -  71 words
    • Article
      Lock icon Inflating Jim's chances
      78 1 Reuter LONDON, Thurs. Britain's ruling Labour Party today gained valuable ammunition for Its general election campaign with the announcement that inflation was being held below 10 per cent. The retail price index showed it had risen only marginally from 9.6 to 9.8 per cent last month. Prime
      Reuter  -  78 words
    • Article
      Lock icon Rounding off
      79 1 Reuter GENEVA, Thurs. Negotiators from more than 20 leading trading nations today promised to ask their governments to approve new rules to make world commerce more free and fair and less prone to protectionist restrictions. The US, Japan and the EEC were amongst countries which gave this pledge
      Reuter  -  79 words
  • Chief Price Changes
    • Article
      SINGAPORE
      128 1 Rises Syn Resins 140 26 M V 1 255 25 Island Pen 388 24 G Ceramic* 166 22 Tractors 600 20 Tasek Cement 314 14 Berjuntai 805 10 Sim Lim 120 10 Dunlop Eat 470 8 Batu Lintang 270 7 Esso 468 6 Rothmans 390 6 l td Plantations
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    • Article, Illustration
      KUALA LUMPUR
      147 1 Rises Parit Pk 960 50 Inch KK 510 30 Isi and Pen 390 +22 Castlefield 1440 +20 Benta 386 16 Chin Teck 250 15 Sim Lim 123 13 Pmc Dev 280 10 Toshiba 476 10 Oriental 640 +10 Falls Hong Kong 1750 -50 Tongkah 390 -14 Olympta 202
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  • Article
    EDB boon for local investors
    831 1  -  BIG DEDUCTION AGAINST PROFIT By RONNIE LIM THE Economic Development Board (EDB) is introducing a new Investment Allowance Scheme (lAS) for local investors, which will allow up to 50 per cent of approved new fixed investments to be deducted against taxable profits. While the lAS
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  • Article
    USDA OFFICE IN STORE
    173 1 SINGAPORE, Seoul, Warsaw, Bahrain and Hamburg were chosen by the US Department of Agriculture for its new regional offices in an attempt to sell more US farm products abroad. The Agricultural Trade Office will be the first and only one in the region. According to an
    173 words
  • Article
    Yamaha makes rackets, not music this time
    496 1  -  By FOO CHOY PENG A GIANT Japanese maker of musical instruments, audio equipment and sporting goods has set up a manufacturing facility in Singapore. The Yamaha group last December took a 10,000square metre site in Jurong on a 30-year lease to start the
    496 words
  • Article
    Lock icon Urea capital
    124 1 AFP) INDONESIA has announced the it will set aside U5556.34 million (*****.95 million) as its capital participation in the Asean urea fertiliser project to be built in Acheh, north Sumatra. The announcement said that a state corporation will be named by the Ministry of Finance to handle the
    AFP)  -  124 words
  • Article
    Steamers sails into a joint property venture with Bats
    238 1 THE STRAITS fltwmrtlp greap will eet ap a jelat veatare to develep m efflee balldiag la Keppel Rm4. The gmp'i wheilyewMi Mfeddlwy, Strait* Properties, receatly slgaed a mrminadim ef latoat to Jsiatly aaiertake the pripistl devetopmeat with British-Aanericaa Tahaeea Campaay (Slagapwra).
    238 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      6 1 COPIES ANYTHING FITS ON A TABLE-TOP
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      142 1 ACBC Your link to world markets When ;Iu wot [J is unn m.ttket \on !l need a hank with inlet national C-to.it>?'<T\ and si'iviu' to handle v«»ur dealings etfk irntk tnd with a minimum ot !,;ss. Whatewt out rcuairements and whe. e\e v < >ut business take v<-u, we e
      142 words
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      Page 1 Advertisements Column 3
      14 1 SEE PAGES til rasa SHIPPING TIMES ■h«w at SMA's iew YES t» higher US
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      Page 1 Advertisements Column 4
      281 1 AKAI iIV li that puis no punches. FOUR WISHES The annual Banking Supplement of Business Times will be available next week. Packed with news and views of the banking scene by top bankers this year's supplement features an exclusive interview with Mr Wong Pakshong, managing director of the Monetary Authority
      281 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      514 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 1-30: Industrial labour organisation .(residential course), RELC, Industrial Labour Organisation of S'pore April 2-27: Business management module 11, RELC, NPB April 10-26: Compensation and Fringe Benefits, Holiday Inn, Personnel and Organisation
      514 words
    • Article, Illustration
      SMA moves into new WTC home
      430 2 PERMANENT DISPLAY OF GOODS THE SINGAPORE Manufacturers Association has moved into its new premises at the World Trade Centre. At its opening yesterday, the association's chairman, Mr Michael Yeo, presented a memento to its 900 th member Golden Art Industries. The SMA now has
      430 words
    • Article
      ULTIMATE SELLING POINT: HIGH QUALITY
      302 2 SINGAPORE'S ultimate aim should be to have people associating its products with the hallmark of quality. This will ensure a high receptivity of Singapore goods in all markets. This point was made by Mr Michael Yeo, chairman of the Singapore Manufacturers Association, at the official
      302 words
    • Article
      Visiting India
      51 2 THE INDIAN government has invited the Singapore Federation of Chambers of Commerce and Industry to send a trade mission to the country, sources said. The aim of the invitation is to explore trad e opportunities between the two countries. But it is believed the federation has yet to
      51 words
    • Article
      Managing the modern office
      86 2 THE SINGAPORE Institute of Management will conduct six courses from April 23. The first is "Effective office management, 1: managing the modern office." Closing date for application is April 17. The other five courses are: "Industrial marketing to the chemical industries" from April 30 to May
      86 words
    • Article, Illustration
      A neat inside cover-up job
      182 2 SINGAPOREANS now tend to take greater care of the inside of their cars and to dress their cars up, said Mr GLMacßean, managing director of Mermax Pty Ltd an Australian manufacturer of car seat covers. The company ended a three-day exhibition of its products at
      182 words
    • Article
      Enrichment courses
      169 2 CONSULASIA will be holding three seminars (or executives next month. Mr Lynda King Taylor, internationally recognised as one of the foremost authorities on job enrichment, will conduct the first two seminars on May 2 and May 3 at the Singapore Hilton. The two seminars are "Setting Up and
      169 words
    • Article
      Call to step up Malaysian content in cars
      547 2 VEHICLE component manufacturers in Malaysia have asked the government to adopt a more aggressive local-content programme for the benefit of the motor parts Industry. They feel a programme specifying the items to be deleted from completely knocked down (CKD) packs imported by
      547 words
    • Article
      De Havilland cuts a DASH silently
      185 2 THE WORLD'S quietest airliner will be launched in the South-east Asian market this Easter weekend. The aircraft, named the DASH 7, will take off on a test flight tomorrow from Seletar Airfield. The 50-seater DASH 7 is being brought into the region by De
      185 words
    • Article
      SIA inaugural guests
      90 2 THE Mare* P*U receatly gave a reccptlo* far M reprewatativei cf leadiag travel agencies aad commercial hmmi la the Ualted State* who were la Slagapre a* gaest* *a Slag*p*re AirHaes' laaagaral flight to the Halted State*. The reeeyttea started with a qalck tour of the h*tel where
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    • Article
      PRIZE FOR PATA MEN
      138 2 ONE of the delegates at the Pacific Area Tourist Association's (Pata) 28th annual conference may be the lucky winner of an Opel Gemini car. Avis and General Motors (GM) will hold a joint promotion at the Lotte Hotel in Seoul where the conference will be held
      138 words
    • Article
      SU extramural courses
      94 2 THE department of extramural studies of the University of Singapore has several courses lined up for May to August. For music lovers there are courses on percussion instruments, piano music and talks to provide the background to the Singapore Symphony Orchestra concerts. There will also be courses
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      48 2 I ne great Msttsvtri A nOry OTiovi Mid war m towering asthe Hkniteys MMKAYE I I between -> m •aid wet 'one novels of the yeer*. hm aoM a quarter qf a million |i hardback worldwide.'. e a story which hes been high inthe U.K. ontha. THE FAR RWIIJONS
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      656 2 D TWO-11-OIE CRYPTIC PUZZLE ACROSS 3 She's worth having aa a backer (S) 8 Figure a suit's remodelled (or a saint (5) 10 Am all upset by a beast (5) 11 Head man (3) 12 About a girl flt for a queen (5) 13 Person with a special skill in
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  • REGIONAL
    • Article
      Lock icon Power crisis forces big layoffs in West Bengal
      323 3 AFP, AP ELEVEN thousand workers have been laid off so far following the week-long closure of industries in West Bengal forced by the current unprecedented power crisis facing the state since Monday. A shortage of coal and mechanical breakdowns in electric generation
      AFP,; AP  -  323 words
    • Article
      Lock icon Saudi GDP
      49 3 Reuter SAUDI Arabian gross domestic product (GDP) in the fiscal year June 1977 to May 1978 increased to 222 billion Saudi riyals, at current prices, a rise of 7 per cent in real terms against 16 per cent in 1976/77, the Saudi Monetary Agency (Sama) said. Reuter
      Reuter  -  49 words
    • Article, Illustration
      Lock icon Burma needs plenty of foreign aid
      289 3 Reuter BURMA needs massive foreign aid to support its stagnant economy in addition to the US$6OO million (SSI.3 billion) it has already borrowed from international institutions. Informed sources said there is a growing realisation that some foreign capital and technology is needed to fully
      Reuter  -  289 words
    • Article, Illustration
      SHELL BRUNEI PICKS DATSUN
      182 3 BOUSTEAD Trading ia Braaei baa wen a miWea-dellar cea tract to sapply a fleet at Datsaa vehicles to the Shell Campany this year. The vehicles, cemprising Datsaa 129Y salsans, a number st mini-bases and pick-ape, will be delivered ia several stages threagh the year aa the
      182 words
    • Article
      Lock icon Economy still able to support HK $
      490 3 Economy still able to support HK Reuter. THE RECENT speedy decline of the Hongkong dollar is not justified by the underlying state of the Colony's economy, Financial Secretary Philip Haddon-Cave said yesterday. He told the Legislative Council: "At some stage, and sooner rather than later, the market will recognise'that the
      Reuter.  -  490 words
    • Article
      Lock icon Two 'Bears' land in Vietnam
      89 3 UPI TWO SOVIET electronics reconnaisance planes may have landed in Vietnam after flying out of their base in Siberia, Japan's defence agency officials said yesterday. The officials, in reporting the flight of Russian's Tupolev 96D Bears, said that if the aircraft landed in Vietnam on
      UPI  -  89 words
    • Article
      Lock icon Seoul to build two more nuclear plants
      183 3 API SOUTH Korea has decided to go ahead with its original plan to build two more nuclear power plants, the nation's eighth and ninth, early next year, the Ministry of Energy and Resources said yesterday. A spokesman said the government nuclear energy plan
      API  -  183 words
    • Article
      Lock icon Jakarta export policy rapped
      152 3 Reuter. AN OPPOSITION Member of Parliament has accused the Indonesian Government's export policy of favouring the United* States and Japan. Mr Hamzah Haz told Parliament on Wednesday that Indonesia's inability to reap higher profits as a member of the Organisation of Petroleum Exporting Countries is a
      Reuter.  -  152 words
    • Article
      Ministers meet on fertiliser
      79 3 THE sudden rise of fertiliser prices has prompted Indonesian President Suharto to hold a meeting with several Cabinet Ministers in charge of fertiliser. Ministers of Industry, Mines and Administrative reform were invited to discuss the price rise following the Government's announcement of increasing domestic fuel prices
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    • Article
      Nixon is confident of fare accord with Asean
      124 3 AUBTBAUA Is well an the way Is reaching an agreement with the live ta the Transport, Mr Peter 'J I 111 I 11 111 the Issne In Jakarta an Mareh t$ ten were "meantngfal and prafltaMrt According Is the AaaesnasiXs"'hi*?h"t aegottatod as
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    • Article
      Lock icon Bank of China branches in world centres
      366 3 AFP, Reuter. CHINA has set up a General Exchange Control Administration and has decided to open tranche* of Its central bank in Luxembourg, New York and other financial centres, the New China News Agency said on Wednesday. The new department, directly answerable to
      AFP,; Reuter.  -  366 words
    • Article
      Lock icon Back-stepping forward
      207 3 AP. "CHINA started too many modernisation projects at the same time," the widow of former Chinese Premier Chou En-Lai said on Wednesday. Madam Deng Yingchao (Teng Ying-chao), vice chairman of the National People's Congress' standing committee and leader of a 25-member official delegation to Japan, told the Japan
      AP.  -  207 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      258 3 SOUTH EAST ASIAN BANKING AND FINANCE CONFERENCE 19TH AND 20TH APRIL 1979 Sponsored by Financial Times and Business Times The Conference will cover major political, economic and commercial Questions of interest to the regional and worldwide business communities. The Hon. Mr. S. Rajaratnam, Minister for Foreign Affairs, Singapore will be
      258 words
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  • RAW MATERIALS
    • Article
      Lock icon China busy in grain market
      213 4 Reuter CHINA is currently active in the Argentine grains market, buying soyabeans and maize from private exporters. President of the Argentine Grain Board David Lacroze, however, knows no details as to amounts, prices or dates of shipment. Earlier this year an Economy Ministry spokesman quoted
      Reuter  -  213 words
    • Article
      Lock icon ALUMINIUM TRADERS OPTIMISTIC
      191 4 AFP. THE ANNUAL international meeting of Primary Aluminium Producers closed in Tokyo on an optimistic note with expectations for business recovery and expansion. Mr Norishige Hasegawa of Japan, chairman of the International Primary Aluminium Institutes (IPAI) made up of 52 firms, said at the close of the
      AFP.  -  191 words
    • Article
      Lock icon Final touches to Panama's gigantic copper mine plan
      277 4 Reuter THE PANAMANIAN Government is going ahead with final details of a plan to finance and construct one of the world's largest copper mines in the Cerro Colorado. Officials of the Cerro Colorado Mine Company, which is a Joint venture of the
      Reuter  -  277 words
    • Article
      Lock icon Textile industries picking up again
      916 4 AFP. THE WEIGHT of yarn spun in 1978 in the cotton and allied textiles industries of the non-communist world was between one and 2 per cent greater than in 1977 but still 2 per cent less than in 1976 according to estimates from the Textile
      AFP.  -  916 words
    • Article
      Straits tin
      57 4 THE SntATTB tta prtee la Peatig yertwtoy fell ■Kkr Msl» to fI,M2 a ptoaL Valacs iifrwlild farther, malaly feUewtog the STff a'toefcVrfJllJ sappert at high levels, dealers aaM. A tower vakUM el tta •Acred toy mlaen tolled to eheek the deeltae aad total taraaver drepped to 111 to—
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    • Article
      Hongkong Comex
      167 4 THE SUGAR futures market continued the recent quiet trend with no trades done, as on Wednesday, dealers said. May cloaed at 8.10/12 US cents against Wednesday's 8.23/36 cloee, July at 8.40/44 against 8.56/59 and March at 9.53/56 against 9.67/69 cents. Sugar futures closing prices: cmbc^ l aUsLg May
      167 words
    • Article
      Duty rates
      89 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from April 12 until further notice: Babber: 262 1 4 cents a kilo; Capra: M 51,300.04 a tonne; Palai kernel: $565.75 a tonne; White pepper: <4.456.09 a tonne; Bteek pepper: <2.800.97 a tonne; The rates of
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    • Article
      Lock icon Sweetener for Third World
      149 4 AFP AN EXTRA \Ujm toaaea •t sagar experts are ta be permitted by the exeeative cammlttee af the lateraattoaai Sagar Cavadl darlag the eaneat 12 meaths, aader the terms d the "hardship allaeattoaa". Saarcea said aader the terms el this allaeatlea, givea at the dlaerettoa at
      AFP  -  149 words
    • Article
      RUBBER
      287 4 OPENING prices in Singapore yesterday were unchanged but roae slightly initially before easing back later on some Eastern profit-taking and upcountry selling. May demand emerged again towards the morning's close. The morning session closed slightly lower with May One RSS buyers quoted at 276.00 cents per kilo, down half
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    • Article
      Closing prices
      30 4 Rubber: April 12 Singapore: May: 278.00 cents (up 1.50 cents) Malaysia: May: 281.50 cents (up 2.50 cents) Tin: $1,942 (down 919) Official offering: 169 tonnes (down 41 tonnes)
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    • Article
      RAS PRICES
      338 4 R.A.8. prices In cenU per kUo yesterday: Int. 1 R.S.S. prompt Int. 1 R S.S May Int. 1 RS.S June tat 2 R S.S UK/Coat Int. 1 R.S.S. UK/Cont Int. 4R.SJS UK/Cont Int. 5 RSi UK/CoM (per kilo) Buyers Sellers f o b MJO m.SON 275.50 271.00 *****
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    • Article
      SSR and SMR
      107 4 MNt\ SSK mmI SMK pre* ve»lerda\ KAS May Juae (Carreal Mtkl (forward Mtfc) Bayers Sailer* Bayer* Sellar* S.NK .11 < 1 Kin pallet 1 .iv'.mi •M7.0UN javiw M7.IMN ssm 11 Hat pallet 1 ■Mtm auuuN ■mum •JtUOON MMCLH SMK (A pallet i 27S.WI < «I«N T7H.M 2*1
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    • Article
      Rice
      328 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0 96. 100 per cent second class 0.16, 100 per cent third class OJO, 25 per cent new crop no stock, B-10 per cent 0.75. THAI BROKEN: A-super 0 62.
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    • Article
      Wheat
      170 4 WHEAT futures added l'/ir to 3*4 US cents a bushel in Chicago on Wednesday. Traders said lack of selling and small commercial buying supported prices in firm trading. Scattered hedge selling was noted in the new crop months. Lower CBT silver was the only negative influence on prices, they
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    • Article
      Palm oil
      70 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Malaysian 5* Ms bulk pet Werf r tonne PlIlllS— June 851 sir fiMslr Sumatra 5% ffa bulk April unch 8B2 Sir 880»lr May 675al r *****2' June pd 075*1 r July unch OTOslr Nicer is
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    • Article
      Produce exchange
      308 4 PRODUCE prices were mostly steady yesterday. The exception was the pepper sector which Armed $2.50 all round. A packer reported a brighter undertone to the market after a period of dull and featureless trading attributable to a tug-of-war between buyers and sellers. However, origin sellers of Sarawak are
      308 words
    • Article
      Soybean
      187 4 CHICAGO soybean futures closed higher with prices up i to l 1 i US cents a bushel on Wednesday. Traders said the increase in prices was viewed as part of a technical correction from Tuesday's sharp losses. Prices rallied near the close from earlier see-saw trading on local short-cover-ing
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    • Article
      LONDON MARKETS
      973 4 OILSEEDS: Brokers reported a slightly steadier edible oil market yesterday, following a steady Chicago close. Some covering interest developed for Dutch soybean oil and business was reported at between one and two guilders per 100 kilos above previous paid levels. Dealing included april deliveries at 134 guilders scaling
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  • OVERSEAS
    • Article
      Lock icon Broad agreement on raising US interest rates
      1023 5 COOLING THE ECONOMY NYT. A CONSENSUS has been emerging among most but not all of the Carter Administration's senior economic officers that another increase in interest rates by the Federal Reserve Board would help to cool off the overheated industrial sector and apply
      NYT.  -  1,023 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      738 5 ARRIVALS Service Local Operator Number Time From GIA GA960 1030 HLP SLA SQ103 1045 KUL SLA SQ211 1045 HLP MAS MH605 1045 PEN/KUL GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1135 MNL SLA SQ63 1155 MNL GIA GA982 1200 HLP SN SN287 1200 BRU/DXB/BKK
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    • Article, Illustration
      Lock icon Tories unveil plan to shake up the country
      460 5 AFP THE Conservative Party election manifesto, published on Wednesday, pledges a tougher agricultural policy towards Britain's European partners, an end to state ownership of the shipyard and space industries, and a lifting of economic sanctions against Rhodesia. The manifesto, launched by Tory
      AFP; UPI photo  -  460 words
    • Article
      Lock icon New Iranian curbs on foreign workers
      270 5 UPI IRAN announced new measures to limit the number of foreigners in the country as thousands of unemployed Iranians pressured the government for jobs, cheap accommodation and wage losses suffered during the mid-February revolution. The government responded to continuing anti-foreign feelings and growing unemployment
      UPI  -  270 words
    • WORLD IN BRIEF
      • Article
        Lock icon TAXING FOR PEACE
        525 5 Agencies. US Secretary of State Cyrus Vance said on Wednesday American taxpayers will actually pay USH.47 billion (553.23 billion) of the $4.8 billion in special US aid promised to Egypt and Israel over the next three years. The US is also trying to persuade Japan and other
        Agencies.  -  525 words
    • Article
      Lock icon Trucking pact within American wage guidelines
      208 5 NYT THE Carter Admlaistrattoa haa Miinti the e» tract aettiemeat rtnk< m Tactfay aight by the Teamster* ud the track* tag latetry, praelalmlag It t« be wlthla the Preaftdeat's wage gaidellncs aal, therefore, a eeatHbattea te the aattlaflattea eflert. Hewever, Geverameat efllctols reported that
      NYT  -  208 words
    • Article
      Letters of credit plea
      83 5 RECENT attempts by several US companies to prevent banks from honouring letters of credit on contracts for Iran, could undermine the integrity of letters of credit issued by US banks. J P Morgan and Co chairman Walter Page told the the company's annual meeting that Morgan
      83 words
    • Article
      Lock icon China's first trade centre in New York, says envoy
      299 5 NYT THE CHINESE Ambassador to the United States declared on Wednesday that New York City is "the economic centre of the world" and that China intends to establish its first American office for international trade there. The announcement by Ambassador Chai
      NYT  -  299 words
    • Article
      Lock icon Spot checks on foreign students in US
      262 5 AP THE American Immigration and Naturalisation Service announced on Wednesday a system of spot checks to determine if foreign students are attending class full time as their visas require. The commissioner of the service said regional immigration offices would review one per cent
      AP  -  262 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      185 5 Jardines 1978 Profits Sslsl million 0 After tax earnings up 7.0% to SSISI million. Extraordinary items add further net 554.28 million, compared with 552.70 million deduction in 1977. Earnings per stock unit before extraordinary items 550.72 compared with 550.68 in 1977, an increase of 5.3%. Higher dividends. Recommended final dividend
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  • Article
    A godfatherly nudge from EDB
    404 6 LOCAL investments have some way to go before the industries can be considered part of the big league. There have been many efforts to achieve this end some of these coordinated, and some spasmodic. But being new at the game, the process of understanding the
    404 words
  • Article
    Time for banks to reciprocate
    336 6 LESS THAN a full year after the complete liberalisation of exchange controls in Singapore, the decision is being put to its first crucial test whether some controls need to be reinstated to enable the authorities to oversee more effectively liquidity in the economy. It is
    336 words
  • Article, Illustration
    Bahrain tries for Singapore-style development
    1152 6 Bahrain has won, by its policies and programmes, the sobriquet: "the Singapore of the Middle East". Here, in a digest of a report made by the Algemene Bank Nederland, are some of the reasons why it is so called. BAHRAIN, the group of islands situated
    1,152 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      279 6 ill > APOLLO HOTEL Havelock Road. Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15, Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise. Singapore 9 Tel. *****1 GREAT EASTERN HOTEL
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      47 6 \\v\ NOT SO SOR£. CPr4T PUT" mri f »4GfeR ON »T &OT S SOmCTvA«N&, uJgQjG. r Bristow": Dickens I joncs, Does rue NGU enTeMsioM OF TMC myixs %RUOGe BuiLOtNG LOOK g»G>HT To you C O OLD &CRIG>HTP \_£,r utj Jo»-J "V*c "to Ty\i_ HUjW PvßCWfc CuCOC Bu'LD'^G
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      779 6 Good Friday THE DAT to HIM with variety tor TV fam, Mi meet ef the prtvllt (Mi (Umk The Bwlas Family RiMaiia (Item, ekaaael S) Jthau RaMf Wyaa' atary ef a AlpPapa aai Me (tJ*pm, atary akeat a Bttte key to HI, si Is together. Btan are Maseele aai 1
      779 words
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  • Article, Illustration
    MORE NATURAL DISASTERS LIE AHEAD OF S. EAST ASIA
    1787 7  -  Droughts, floods, cyclones and earthquakes ravage Asia at regular intervals. Disasters cannot be stopped but preparations can be made to mitigate their effects. LAN STEELE, Depthnews correspondent at the United Nations, discusses the threats and the prospects. IAN STEELE, A GLOBAL
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  • Article
    STRAWS IN THE WIND
    518 7 IT CAN never be easy in the field of sales and marketing to strike the right balance between effective promotion and lavish and unwarranted expenditure. In general, local stores tend towards the latter but one of Metro's recent efforts seems a little on the niggardly side.
    518 words
  • Article
    Congress has tight hold on Carter's fuel proposals
    877 7  -  (FORUM ...with John Drysda le IT WAS nearly two years ago, April 20, 1977, to be exact, that President Carter announced his energy programme. It failed, in its major provisions, to impress Congress. Last week, the President had another go. He hopes
    877 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      213 7 /i -a. i 1:1 r< IK g a» i-fi «t <•<©. m '5 ip > v, f. G ■on oosis »n the orient 214 Duneorn Rood. Singapore 11 Tel: *****2 V > n 111 mMMs ORCHID INN 214 Dunearn Road, Singapore 11 Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore
      213 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon IBM's profit lower than expected
      392 8 Reuter INf ERN ATION AL Business Machines Corporation (lEtM), citing strong increases of data processing equipment, reported that its first quarter profit rose to U*****.8 million or $4.57 a snare from last year's million or $4.01 a share. Profits were modestly lower than many Wall
      Reuter  -  392 words
    • Article
      Goodyear hopeful
      84 8 GOODYEAR Tyre and Rubber Co expects first quarter earnings to surpass last year's 51 cents per share. Chairman Charles J. Pilliod Jr told the annual meeting that "If our current negotiations (with the United Rubber Workers Union) come to a satisfactory conclusion....the momentum of the first quarter undoubtedly
      84 words
    • Article
      Lock icon Earnings at Dresdner Bank up marginally
      259 8 Reuter. DRESDNER BANK'S group net profit rose to 275.0 million deustchemarks in 1978 from 274.7 million in 1977. The parent company's operating profit rose 7 per cent in (10 per cent rise in 19W) but Dresdner gave no defiils. Previously announced pafvnt company 1978
      Reuter.  -  259 words
    • Article
      TORONTO
      186 8 wm 11 C9 AM|&t 17 Aktt 42' Alicoma 28 unch H.iiTK' Muni 25 B.i nit Nova Scotia 23 S Belfrf>l 67 unch BrtlkCorp HP iun Ltd Z 23 23 f.nuf) Hfd Lake 35 -1 fait imp Bk 28 unch iaiiW29 f.iiipiU- Inv PI 16' B fariffhg O'Keele 5 I
      186 words
    • Article
      Lock icon Woolworth rejects Brascan's takeover offer
      416 8 Reuter THE BOARD of directors of F. W. Woolworth Co. rejected an attempt by a Canadian holding company to -take over the giant retailing chain. The board said a proposed US$35-a-share offer by Brascan Ltd. of Toronto was "not in the best interests" of its
      Reuter  -  416 words
    • Article
      Prices plunge
      1250 8 NEW YORK DISAPPOINTMENT with first quarter earnings reported by IBM further weakened a nervous stock market and prices fell sharply in active trading on Wednesday. Analysts said investors were worried that accelerating inflation could lead to further credit tightening. They added the market was oversold, having hit a
      1,250 words
    • Article
      JO'BURG
      307 8 iin i i'ijp—hb i umiyi ii ■hiii"—wp—i inwi' urn mm APR 11 Rand INDUSTRIALS A be rcom 227 unch AE And CI 440 15 AMIC CNA a Currie Finance too unch 1490 f 380 4325 281 Fed Volk 385 Gienanl Gratemn 356 -5 Hippo Hive Ml 235 Uhch Hulells
      307 words
    • Article
      Lock icon Market bullish
      561 8 TOKYO Source: DBS-Daiwa THE MARKET continued to rise yesterday with interest mainly on medium-sted blue chips, reflecting Wednesday's bullish mood. Mutual funds and corporate investors actively bought medium-priced, mechum-sted blue chips, although foreign investors still remained on the sidelines, or took profits in forerunning issues. Ia the morning
      Source: DBS-Daiwa  -  561 words
    • Article
      Lock icon Hongkong
      344 8 Source: SHK Sec Ltd THE MARKET moved sideways again yesterday 011 sharply reduced turnover due to lack of interest ahead of the Easter holidays. C I Cement gained SO cents to $27.50 on the surprise announcement that the chairman of Cheung Kong is to assume the chairmanship following the
      Source: SHK Sec Ltd  -  344 words
    • Article
      Sydney
      405 8 INCREASING uncertainty over the direction of interest rates put a damper on trading ahead of the Easter holiday, but some stocks rose, dealers said. The all ordinaries index yesterday eased one point to 9.45 but finished the week 2.28 points higher. BHP continued active, closing at 18.96, 13 cents
      405 words
    • Article
      Bangkok
      265 8 THE STOCK market closed mixed with kM aes in the majority in quiet trading, dealers said. APR 12 Bahtt Bulk of Asia 216 -ao Bangkok Bank 3U +4 Bank of Ajrudhajra Lid 244 J Bangkok Metropolitan Bank (30 -12 Laem Thong Bank unq Thai Commercial Bank 900 *10 Thai
      265 words
    • Article
      Manila
      3 8 ftUrfcet pined.
      3 words
    • Article
      Selected indices
      74 8 FINANCIAL TIMES INDU8TRIAL8 Wednesday 538.7 4 Tuesday 535 7 S Week Ago 523.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 871.71 Tuesday 878.72 1. J n Week ago 809.80 LONDON DOLLAR PREMIUM Wednesday 54 to 54'. Tuesday SI 1 to 51 1 H.K.HANG SENG Thursday 529 65 Wednesday 529.07 Week
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    • EUROPEAN MARKETS
      • Article
        Zurich
        192 8 APR 1! Francs Action* Sulaaea 300 •1 Alusuuae Br. ion 5 Alusuiaae Re« an J Brown Bovert Br. isw 10 Ctba Oelgy Br. 1300 Crt>a Qelfy P C 1000 unch Ciba Oelfjr Reg T1X *i Credit Sulaae Br ait unch Credit Suiaae Rq 430 unch Flekirowait Br. 2000 -10
        192 words
      • Article
        Paris
        266 8 APR II »T» CORBEILLE Air-Liquid* m B S N Gervau Ikinonr 1" K iTttoauon1>I| m Cl» Krunraar <1** N*rotm ofltpjinkr Kinunrtrrr (<miiki«nw 141' Generate Credit fancier De Franc* 388 429 -1# -04 H ichetie 1 Li twain*) Machine* Bull Michelln (B). 151 80 70 I0W ♦1 -14 -15 Pintwi
        266 words
      • Article
        Brussels
        94 8 APR 11 Krs FORWARD MARKET Afff i35 unc* -30 At Mr me 14 Br use an nap Br u-Lamb 1780 unci) C'unpar TM I0 Cock 400 •5 Ur Beers 21ft •1 Ebes 2425 ft Rertrobel 6040 40 Gb-Inno-Bm *73 25 flmm 1308 4| Hnhnk 3345 -96 Prlro 4130 -90
        94 words
      • Article
        Amsterdam
        190 8 APR II it. ABM TMM 1 IX? -M A 29JO ♦as *J» -#4 t: Iisw -cj *gg BJ» -MlS «M» -2 unrh MAI* Borsumij 7300 172.00 2.1 4 Burhmann 71.00 8J Byenkorf 80 10 43 Call* Delft 112.00 -0J Dell Mij 125 JO 1 Ennia ISO JO -Q2 Kokkrr
        190 words
      • Article
        Frankfurt
        232 8 APR 11 MB > Arf-Telefunken om unch Akjn 2BOOB 0.7 AM* Lrbrn no oo •IS All/ Verm eua -s RAX» 137 JO »u Bay H T Wbank 284 00 1 Bat Vbunk 274 00 unch ***** unch BBC MOM 0-4 "WW 220 dOB -tft Clurilii 377 00 .3 C
        232 words
      • Article
        Milan
        99 8 APR II Lire Ante 35 25 -35 Anhoc Gen ***** -300 Baslofi 633 -75 Central* 4430 -25 I titt 7725 -ft Finmdpr >4*50 225 Oen Immob -1.25 in pn 2151 -M iLu Icemen t i ***** •480 luil(ir a 740JO -1ft llaUlder 356.50 Muirneu Mrf 545JO •45 Murelit Err
        99 words
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  • BANKING AND FINANCE
    • Article
      More rules for HK banks
      488 9 FINANCIAL Secretary Philip Haddon-Cave said in Hongkong on Wednesday that the bill amending the Colony's Exchange Fund Ordinance will come into effect on the first of May. The bill will require banks holding balances from the Exchange Fund on demand, at call and at short
      488 words
    • Article
      ICB REAPS GOOD EARNINGS
      153 9 THE ladastrial aad Commercial Buk (ICB), the latest local haak te ga paNte, gave a bright perIhimhi last year. The beak's after tax profit last year teae per eeat from ltn te $L 2 milltea ea assets of pM mllltea Ike greap after tax profit, however,
      153 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        456 9 THB US dollar continued to firm on foreign exchange markets yesterday against most of the world's major currencies, but trading was thin. Sterling, however, gained further ground against the American currency as dealers continued to buy the British unit. Opening at 213.75/85 against the yen, the dollar eased
        456 words
      • Article
        Gold
        401 9 SINGAPORE gold futures yesterday recovered slightly in afternoon trading but finished lower compared with Wednesday, delaers said. Prices fell some US$5.7O an ounce during morning trading following the metal's overnight weakness in New York but recovered by about $1.30 in the afternoon on speculative shortcovering ahead of the long
        401 words
      • Article
        Asian $ rates
        176 9 Asian rates ASIAN currency deposit interbank rates as at close on April 12: 7 days 1 months 2 months 3 months 8 months 9 months 12 months US Dollars Sdo4) Offer Bid 10 7/18 105/18 11 '/4 11H 10 13/18 1011/18 1015/18 1013/18 11'* 11 11 10% 11 10% 1
        176 words
      • Article
        Discount
        6 9 Source: National Discount Co Ltd
        6 words
      • Article
        MLR
        21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • Article
        Australia/NZ
        66 9 QUOTES on the Australia and New Zealand exchanges on Arpil 12: AUSTRALIA: US dollar 1 1136 1.1088 Sterling 0 5350 0.5287 Ninety-day airmail buying rates Sterling 0.5548 US dollar 1.1523 Ninety-day forward buying rates: Sterling 0.5100 US dollar 1.1214 NEW ZEALAND: Reserve Bank midrate USll 0537 Trading Bank indications:
        66 words
      • Article
        Frankfurt
        53 9 FRANKFURT exchanges opening quotes on April 12: US 1.8995 45 <1 8922 33) Can unav Stg 3.942 962 DFI- 92 46 56 S Dp 110.35 50 Ut 2.250 258 F Fr 43 53 (3 NKr- 36 90 00 B Fr (con) 6 308 18 B FT (fin) 6.301 211
        53 words
      • Article
        London
        151 9 STERLING yesterday opened easier here against the dollar and major European currencies with some residual unwinding of long positions still taking place ahead of the Easter weekend, dealers said. They said most pre-week-end holiday book-squaring and profit-taking took place on Wednesday, given impetus by news that the UK Price
        151 words
      • Article
        Hongkong
        155 9 THE HONGKONG dollar yesterday steadied at its lower levels in late trading after falling sharply during the day, dealers said. It recovered partially to 5.1580/630 against the US unit on short-covering ahead of the long Easter weekend from its mid-morning lows of below 5.17. It opened at 5.1300/400, slightly
        155 words
      • Article
        Tokyo
        112 9 THE US dollar for overnight delivery yesterday closed firmer at 213.90 yen, compared with 213.40 at the opening and at Wednesday's close, after touching 214.25 in early morning trading. The Bank of Japan is believed to have sold an estimated US$lO million to $20 million at around 214.25 yen
        112 words
      • Article
        Treasury bill tender
        50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 16 to April 10: Offered: 120,000,000 Applied for: $37,500,000 Allotted: $20,000,000 Accepted bids: $98.90 approximately 21 per cent: higher bids in full. Average rate «f dteeeut mm altetmeaft: 4.395 per cent per annum.
        50 words
    • Article
      Banks to furnish more details on forex dealings
      494 9  -  By COLIN CHEE THE MONETARY Authority of Singapore (MAS) bat asked banks to furnish more details on their foreign exchange and Asian Currency Unit transactions. This is to enable the authorities to decide if there is a need for measures, and the
      494 words
    • Article
      Turkey's devaluation
      250 9 TURKEY has devalued its currency against the United States dollar and has Imposed restrictions on the sale and circulation of gold. It has also announced special currency benefits for foreign tourists and Turkish workers abroad. Observers saw the devaluation as a compromise formula directed at the International Monetary
      250 words
    • Article
      Lock icon Continued boom for Eurobond market's Cinderellas
      658 9 Reuter. EUROSTERLING bonds, commonly regarded as the Cinderellas of the Eurobond market, are experiencing an unaccustomed price boom. However, dealers say the boom, begun earlier this year by investors attracted by yields competitive with British government bonds, gilts, now has as its main support
      Reuter.  -  658 words
    • Article
      Lock icon US payments the key
      125 9 Reuter A CONTINUATION of the reserve role of the dollar will depend on the success of the US in accepting the constraint of balance of payments equilibrium for its budgetary and monetary policies. Former IMF managing director Johannes Witteveen said the reserve currency role of the
      Reuter  -  125 words
    • Article
      Olivetti wins $104m contract
      188 9 OLIVETTI Is replacing the entire computerised system of the Consortium of Danish Savings Bank in the 1980s. This was announced by Dr. Carlo De Benedetti, vice chairman and corporate managing director of the Olivetti Group. The new computerised banking system, which costs 40 billion lire (1104
      188 words
    • Article
      Lock icon Not an active first day
      79 9 Reuter FIRST day's trading in krugerrands on the Johannesburg Stock Exchange was at a very low level with 21 coins traded. Dealers said they do not expect demand to pick up in the near future. Two deals at 265.00 rand were noted compared with the
      Reuter  -  79 words
    • Article
      Untitled
      302 9 THE SINGAPORE and Malaysian currencies are among a select group at Just six currencies out of some 66 tabulated by Euromoney Currency Report (BCR) expected to strengthen against the US dollar over the second quarter. The others in this category inriiMfr the Taiwanese dollar, the Saudi Arabian rial, the Luxemboug
      302 words
    • Article
      Lock icon Eurofima's yen bond
      205 9 Reuter EUROFIMA,' the European Railway Financing Corp, will issue a 10 billion yen bond denominated in Europe this month. Japan's Finance Ministry officials said the ministry has already approved Eurofima's Euroyen bond issue plan, notifying a Japanese underwriting group to go ahead with the plan. Securities sources
      Reuter  -  205 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      328 9 Leader... P|| ■TV- P Graham Greene The Human Factor^ n 1 a m r a J* 'Probably the best espionage novel ever written.' Richard H Grovmld, UPI 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-taller. A must/ PLA YBOY
      328 words
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  • Article
    DEALS DONE ON THE SES AND THE KLSE In Singapore
    1706 10 BID and offer price* officially isted and business in and re--1 »rted to Uie Stock Exchange of llng&pore yesterday with the lumber of shares traded shown n brackets in lots of 1200 units -unless otherwise specified. Q All Time Settlement
    1,706 words
  • Article
    SHARE INFORMATION SERVICE
    2682 10 1«7» «H4«* low Coayujr Last Sale +orGr*s Div Dir CvT Gr"» YTd Nat P/B Vol (•000) Day High Low SECTION ONE •1» INDUSTRIALS 253 180' 142 180 265 74* 276 334 202 380 207 123* no 190 265 60 185 228 177 298 Acma Alcorn Allied Choc
    2,682 words
  • Article
    Government bonds
    112 10 4 1/2* 1/8/80 (290,000) (99.428 90-508) 4 3/4% 15/5/80 (250.000) (***** 90.708) 6 1/4% 1/3/81 (250.000) (100 JOB 100.218) 6% 15/4/81 (290,000) (***** 90 708) 6% T P 1/5/83 (250,000) (*****8 100 JOB) 6 3/4% T P 15/8/81-84 (250.000) (101.708) 6% 13/11/84 (250,000) (*****8 100-068) 7% 1/8/86 (290.000)
    112 words
  • Article
    Stock options
    101 10 Striking price* of the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number at options traded shown in bracket*. C C (June $2.60) (O.TOB 0.81S). Haw Par (June $1.40) (0.408 0.445). Hame r
    101 words
  • Article
    In Kuala Lumpur
    1691 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. INDUmiALS 'J (2.5Q5) call Umm (IJ7B 4. MS) Bate (2.488 171S) (2)
    1,691 words
  • Article, Illustration
    Prices close lower but undertone very steady
    459 10 MOST BHAMW dwi ■Mugiilly off at the Mask ffrrhiagf W Stafft- ike'lvkal ipiaii ea 8 fir* wto as Mm lenmkM to talffll Ike prevtoas day's leftover Merest tailed to Hal aid Ike Marks! teak aa aa several Ira speto aad tkeee helped to
    459 words
  • Article
    Market closes mixed in fairly active trading
    498 10 THE KUALA Lumpur stock market closed mixed yesterday in fairly active trading with interest generally keen. Profit-taking was noted in a number of the more popular stocks but these issues rebounded on renewed buying interest to close narrowly mixed. On balance, the New
    498 words
  • Article
    Unit trusts
    67 10 INCOME MMI 9 UNIT (Carnal prl mm) M Bond IM 1.15 uuuwMra UPVND lar Apr U) B'putra id B putra 1 B'putra Ik B'putra B'putra B'putra (A) ith B'putra (A) ttk B'putra(B) tk B'putra (B) > B'putra i B putra lor lavM Puad J.« Ml 2.r rm 1.12
    67 words
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  • COMPANY NEWS
    • Article
      Bullish market uptrend lifts GSI's net asset value
      841 11  -  By MANO SABNANI THE RISE in the local and overseas stockmarkets since the beginning of the year must have lifted the net asset value of General 'Securities Investments '(GSI) shares significantly above the $1.08 per share reported as at end-1978. To get
      841 words
    • Article
      Plantation stocks will prove more popular
      690 11 IN A WORLD already starting to suffer a shortage of natural rubber, the crisis in Iran has further improved rubber's competitiveness vis-a-vis synthetic rubber by pushing up the cost of oil and therefore of naphtha, in a sudden and dramatic fashion. These are the
      690 words
    • Article
      DIVIDENDS ANNOUNCED
      723 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Hume M 6% I Mar 14 Mar 26 Apr 13 6% 15% K Sidim 5% I Mar 28 Apr 7 Apr 14 5% 20% A Hitam Tin 150% I Mar 22 Apr
      723 words
    • Article
      SCRIP ISSUE
      232 11 Company Particulars Ex Date Books Close Keck Seng Bonus Issue of 1 for S Apr 4 Apr 17 Dunlop Est Bonus Issue of 1 for 5 Apr 18 Apr 30 P. Product* Bonus issue of 1 for 4 Apr 16 Apr 26 Ajinomoto Bonus Issue of 1 for
      232 words
    • Article
      COMPANY MEETINGS
      239 11 AGM to be held at Tlngkat Kedua, Blok E, Kompleks Pejabat Damanaara, Damansara Heights, Kuala Lumpur at 4.00 p.m. on Apr Malaysia BalMlng Sooelty BM: AGM to be held at the Board Room off MBSB, 13/15. Leboh Ampang, Ku a i a Lumpur at noon on Apr 18.
      239 words
    • Article, Illustration
      Record year for Straits Steamship
      687 11 STRAITS Steamship has sailed into a record year ended last Dec. 31 aided by better contributions from its trading, oil field, engineering and insurance associates. Group pre-tax profit, which includes its share of associates' profits, was ahead by almost 30 per cent to a record
      687 words
    • Article
      Lock icon Time to take a closer look at Selprop
      673 11 V by HOCK LOCK SIEW AS MENTIONED nutter la ttk eduia, reeearehlag late a stock to always a fearardteg task, especially If sae saspecto that II Jmllßii a ripUeaat re-ratlag. With tee beaeflt ef a Utile Mt of hladslght, eae sack steek
      by HOCK LOCK SIEW  -  673 words
    • LATEST RESULTS
      • Article
        OLYMPIA PLYWOOD AND TIMBER PRODUCTS:
        116 11 Pre- tax profit of M 5116,825 ($169,586) on sales of $11.41 million $10.52 million previously) for the year ended Oct 31, 1978. After extraordinary items, retained profit amounted to $265,454 ($62,458). The company is proposing a one-for-two bonus issue, raising its paid-up capital to $9.5
        116 words
      • Article
        BATA (MALAYSIA) BHD:
        110 11 Pre-tax profit of M 55.34 million ($4-46 million) on gross sales of $56.24 million (152.17 million) for the year ended Dec 31, 1978. A final dividend of 14 per cent gross is proposed, making a total of 20 per cent gross against 18 per cent for 1977.
        110 words
      • Article
        STRAITS TRADING COMPANY:
        79 11 Group 1978 net profit totalled $37.13 million (116.54 million) on turnover of $984 million (1890 million). Parent company's net profits amounted to $26.18 million ($18.66 million) on turnover of $980 million ($BB3 million). Final dividend of 20 per cent gross (18 per cent gross on capital before
        79 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      143 11 I I >Ss M I ft i f'k 88 1 m. m mi ft 1 B *1 "y». ?rr? >' .'•«< "sts '111 ""'i/ o Buy a pea green boat or sell a nautical puse. Leisure Times is right on target For as little as $15, you can sell anything
      143 words
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  • Article, Illustration
    Site clearing for SRC project begins
    436 12  -  By RONNIE LIM SITE clearing on Pulau Merlimau for the $185 million Singapore Refining Company (SRC) expansion project has begun. SRC, according to sources, has awarded this first sub-contract to a Singapore firm, Chang Cheng Civil Engineering, in line with the SRC policy, as
    436 words
  • Article
    LONDON STOCKS
    835 12 LONDON, Thurs. Leading UK shares closed mixed with a firm undertone, while South African mining shares were lower following the sharp fall in the gold bullion price, dealers said. Leading industrials moved narrowly, closing mixed after light trading and at 3 p.m., the Financial Times index was up
    835 words
  • Article
    Lock icon Singapore has plans for several Batam projects
    197 12 Heater, AFP INDONESIAN Ankkiiv dar to fcufw, Saedjatmafca, mM la Mute yesterday thai Stogapare •P tolaad tote a tax-free, kwM hrinMal estate. The ladaaealaa gaveraneat has aaaaaaced plaas to ton Batom, km ssath a< Htoppiw, late a havea far tovaatora. It has at
    Heater,; AFP  -  197 words
  • Article
    Cultural foundation
    189 12 THE CHAIRMAN of the funds appeal committee of the Singapore Cultural Foundation, Mr Lien Ying Chow, will open a threeday art exhibition at the National Library lecture hall this Sunday evening. The exhibition is organised by Lai Kong Jin and Sons to raise funds for the foundation. Meanwhile,
    189 words
  • Article
    Local investors take a shine to British gilts
    578 12  -  By COLIN CHEE IN THE PAST three months, local investors have been buying British government stocks for their higher yields and this trend has been reinforced by a stronger pound. While figures are not available, one broker in town described local interest
    578 words
  • Article
    BILINGUAL BOOKS ON FOLK TALES
    85 12 THE Straits Times Group has published eight bilingual books featuring the first series of Chinese folk tales compiled and published locally. The books, published by the Straits Times and Federal Publications, have facing Chinese and English text and consist of stories that reflect the traditional
    85 words
  • Article
    Furniture men can learn from Canada
    179 12 THE CANADIAN furniture manufacturers mission, now in Singapore on a visit, has paved the way for Singapore furniture manufacturers to send their technical staff to Canada. According to Mr Jerome A Doyle, leader of the 10member mission, arrangements will be made for such staff
    179 words
  • Article
    Lock icon Tokyo Round move will cut tariffs by 33 pc
    446 12 Reuter. J TARIFFS will be reduced by about one-third and affect more than US$llO billion of international trade following the initialling yesterday of the Tokyo Round trade reform agreements, a spokesman of the General Agreement on Tariffs and Trade (Gatt) said.
    Reuter.  -  446 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      199 12 4t 'S 4 What's better than telling other businessmen aboutyour services? Sellina other businessmen your services. In the Buku MerahTs new pink pages, classifieds business section. t m m m jM The Buku Merah now offers you all the space you want to give full prominence to your products and
      199 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 Outlook for Singapore from 6 a.m. to noon today: Showers in late morning Report for 24 prior to pan. om April 12 at toe airport. Maximum temperature 30.9 Associated humidity 71 Minimum temperature 23.6 Associated humidity Hours of sunshine 5.10 Rainfall in millimetres Trace Total rainfall for the month 92.4
      57 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon EEC ship pay opposed
        102 13 FT BRITIAN'S shipowners recently opposed EEC moves to harmonise pay and working conditions on ships from member states. The General Council of British Shipping said sea fames' working conditions, especially pay, were too varied and complex to be harmonised by Community laws. The UK shipowners warned
        FT  -  102 words
      • Article
        Lock icon Yards hit by recession
        83 13 FT WESTERN EUROPEAN Shipowners continued to suffer greater unemployment of their vessels than the world average in spite of the general improvement in trading conditions in the early part of this year. Figures published by the General Council of British Shipping show that the proportion of
        FT  -  83 words
      • Article
        Lock icon Flexible design ships
        94 13 Lloyd's List INDIAN yards no longer depend on foreign ship designs. In the last few years the yards have developed their own ship design centres and have been designing the ships locally. Now, for the first time in the country, Hindustan Shipyard Ltd, Visakhapatnam, has developed a
        Lloyd's List  -  94 words
    • Article
      Strain on resources at Korean yards
      890 13 OVER-BUILT AND UNDER-USED SOUTH Korea's industrial planners have to return to their drawing boards ahd review the country's strategy to sprint, within 15 years, to second place in the world shipbuilding industry behind Japan. The determined push given to the industry in its climb
      890 words
    • Article, Illustration
      Keppel repairs another
      249 13 KEPPEL Shipyard recently cempleted exteaslve repairs ea tke MM dwt livestock carrier, Darrlt Claasea, wkea It ■ailed lata tke yards far Its aaaaal deeUag aad repairs. Majer repairs were deae ea tke skip's eaglae wklck kad te be dlsmaatled la erder ta gala access te varices eempeaeats
      249 words
    • Article
      SHIPPING LIST where your ships are due...and when
      3431 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      3,431 words
    • Article
      INDEX
      479 17 SUppUg Lia* Page Cat ACS n 5 Afea IV 3 Alfred V 3 Alpac IV 5 Angkutan IV 4 ANL I 1 APL m 2 Arya Nat n 5 Asia Merchant V 4 ASCL m 5 Atlas V 1 A list. Con t IV 5 Bank n 5 Batam
      479 words
    • Article
      Container Schedules
      857 18 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL NB. (1) Each vessel's estimated time of arrival is advised by the Shipping Line/ Agent and is subject to change (2) All export FCL containers and LCL cargo must be delivered to the Authority's premises during the
      857 words
    • Article
      Who acts for whom
      846 18 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Ahli Shipping— Sharjah. Alfred C. Toepfer Line— Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac Line—lntraaea. Anbsing Line— Strongwill. Angkutan Pertambagan— Eastern
      846 words
    • Article
      Lock icon War hovers on future use of this craft
      1287 18 Lloyd's List SIR Christopher Cockerel] first demonstrated the hovercraft principle in the late 19G0s. Twenty years later, and despite some commercial success, they still seem on the brink of an undiscovered potential full of promise which hasn't quite matured. Maybe that promise
      Lloyd's List  -  1,287 words
    • Article
      Lock icon London freight
      174 18 UPI WESTERN Atlantic timecharter rates held very firm although recent single-voy-age fixing demonstrated slight easing. Latest reports included the Hamlet payment of U557.500 (5J16.500) a day plus $65,000 ballast bonus to the 27,156 dwt Protoporos for an April 16-25 trip from Galveston to the Mediterranean and the Chennai
      UPI  -  174 words
    • Article, Illustration
      SHIPS IN PORT
      339 18 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge S 51 (after Rantau P/O) 14 Barge Tian San No. 1 (1500 alongside Mlnetaka Maru) 38/39 Car Liner No. 2 (RO/RO) (0800 after Frotario) 3/4 Dong Yun (0800 after Makeverett) 40/41 Hong Yin (0700 after Vega) 45 Kawana (RO/RO) (1500) 46
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      351 13 Australia Our Next Loader Port Kplanq- 15/4 Singapore: 27/4 For further details, see page 3 <Sf* J AR DIM A\ I AII SAIUA/ G a Orient Overseas Containe*. Line FROM EUROPE (VIA SUEZ) FULLY CONT a.iojivjiii >a HJlonf Kjodaunf Ouki iat r o 23/4 24/4 29/4 30/4 PKita« 19/4 23/4
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      Page 13 Advertisements Column 2
      267 13 JI3E SEALORD LU ANTAH H UASC UNITED ARAB SHIPPING CO (SAG) 11 All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. 'ARABIAN GULF WEEKLY SERVICE' S pore Loading for Dammam (30/4) Dammam (29/4), Dammam (3/5). Doha (5/5). Kuwait (8/5). Sbuatfca (12/5). Dubai (17/5) Kuwait. Dammam
      267 words
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      264 13 NOL NEPTUNE ORIENT UNES LTD FULLY CONTAINERISED SERVICES: FAR-EAST/EUROPE FULLY CONTAINERISED SERVICE 27 Apr 11 Aby 30 Apr 1 Mar 1 May 8 May C PMlt n pi Ma. C AWE K MCEWON HK com WHIR MERCATOR 0 CWEF S.S BRCGL tc ru Spn Qmb| ten Fa Carp UN U
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      Page 13 Advertisements Column 4
      582 13 \.c£ D* Europe Our Next Loader Port Kfllanq- 1/5 Singapore.—— I For further details, see page 3 mSSSS MAERSK LINE I T I l.'.V'H IL J M □en 15-K/4 14-17/4 22-23/4 FOR East Asm Honftont MmU Ac Up* (Tokyo Rote Yokoiiaaia Car* Moank LanMavMi etent Kaohswni) Nac°ya Osaka. Stanuiu) 22/4
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      618 14 FULLY CONTUOISED TO EUROPE EXPORTS EXPRESS CONVENTIONAL TO EUROPE S par< P Kelanf Pen B»a* Cenea Mm* Adam Antwerp |ii ii 21/4 23/4 26/4 22/5 31/5 29/5 26/5 24/5 tMRaMMkn 4/5 5/5 8/5 28/5 10/6 8/6 5/6 3/6 FULLY CONTAMERISED TO GENOA/TMESTE Sperr 19/4 a/4 t. Katanf Caw M/ 4
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      388 14 mm ti'iiiM 3 T* CANADA/USA Padfc Uatt 14-13/4 n-v s KIT LOADED "SHIM" > "tenor' Ca4i KLAI •MM LOMM6 H OHHM. Hit 4-5 (lakarta a/4). MM H-a/4; STORE 34-2/5. h*«* wumewt From: CANADA/USA Pacific Coast Vancouver. BC Seattle Tacoma Lonfwtw Portland l«taptn a San Franbuo SVKAPOK lakarta Port Ketan( Apr
      388 words
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      542 14 ©EVERGREEN LINE f FAR tAST (UROPf EXPRfSS FUll CONTAIMR SERVICE 1 ACCEPTAG CARGO FOR HAMBURG. FfUXSTOME. ROTTERDAM ANTWERP. IE HAVRE ALSO ACCEPTING CARGO FOR UNITED KHGOOM SOUTHAMPTON LONOON MANCHESTER. NRMMGHAM BRISTOL LIVERPOOL. GLASGOW. LEEOS WEST GERMANY BRransavnr HOLLAND AMSTERDAM Vpart Nm*»| FMm Mtartoa MoT* U Hiw» cm* »>■»» «"n m*»
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      854 14 Everett Lines/ 'VuRM^rNATm^A^INR'' LOMMC FOB RANGOON 15/1« Apr B F.S.S C. Agents m Motoytao TEPS MALAYSIA Port Kalong T«l UB>-7355 Panong Tat *****/***** RIVfttQOII IMpCOMMUi v* A* "ARGENTINE NATIONAL LINE" LOMNNG F0» DUBM. CWETCMN. BUtHOS Mf S SMppBW P. Katat Panant I AMENTIM 22/23 May 24/25 May** 20/27 May** CT9I
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      647 14 rWoSE OCEAN SHIPPING ENTERPRISES PTE LTD KM 10? ?103 21STFIOOR MARINA HOllSl SHfr NTON WA> MISTRI ROAD SINGAFORP 2 U I *****44 7 *****70 SANKYO LINE AUSTRALIA SERVICE TIM STAR LOQSTIC ACE... DIAMOND STAR. 14/17 Apr 11/20 Apr BUS. SVD. MEL. ADEL 25/27 Apr 20/29 Apr SVD. ML, MXL 14/15
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      828 15 DCL Overseas Containers Limited S>M PJU*t MM* ta twrn UkM IX CaM*aMy 11* a* nm 12 My uMay 7i* tapta a* nap iii* a May nfei (»M*) »My o*a*n aik! 22 May 23lb* 25 My Xkf flhtMm 3 May mi* nm am nm am imeifcy iki i Mr aMy nMay
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      845 15 uh M fVMnU L/Ivt RELIABLE ft OEPEMMBU NON-CONFERENCE QMS SERVICE NEST *****-fM EAST/MEHIERRAICAN Spar. tJUrn lM*|kr M.V. MM V JMI 17 Apr MM/r M PM/DhM IS Apr 22 Apr 24 Apr MM/P U IMMK Itk) 17 My UM/P Mm/P.M Pvaau/MMaa/Tnfok/ EAST BOUMMCDfIERRAIEAII/FAR CAST if. IX 24 Apr kV-711 I May
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      535 15 r kJ BEN LINE J CONTAINERS EXPRESS CORTIOB SMS TO/FROM MOPE i*/s Nn (iprtss IMmIH ltaM«* Eiprtu I BMOTt: KMC I HAVCN ITtMM HAVRt SOTO* «l Gmq/Wni BnMn Fr«ct MUK PMmi r»n* Nr |>Mn* faM bM iaU faM tM bP«t MR. TDM Bit faM UN faM faM faM 14/4 NR.
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      Page 15 Advertisements Column 4
      191 15 Scan Dutch V WEEKLY AJNIR SERVICE >:ii:l»ai»W7ti»yil nn a/5 vr» a/» in m.mn w% mmm an mm m LXA 4.A UL B irzsa PM j ■..I'me*»i.U'WTit*::irvzi3 yi 3 I L«1 .J 3 .*< JTI j 'li-.-i di yrA7i*ifl7J*» OOD Nedlloyd Lines AMERICA (NORTH AND SOUTH AOING FOR *nu. rpvßsc *m«k.
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      461 15 ir BOUSTEAD AGENCIES THE BANK LINE LTD. LOADS FOR E. ft S. AFRICA .PE.EL*) S port 77/31 Iter P tea* 1/6 Nay FROM EAST i SOUTM AFNCA Ite| f. I FOR BANGKOK, MANM Sport 17/111 LYKES ORIENT LINE U.S. GULF COAST SERVICE (New Orleans, Mobfc, Houston, Galveston) Sim apart PKtUnj
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      686 16 »1 K LINE KAWASAKI KISEN KAISHA. LTD. Vessels cal Ht*»t m. r*a. Awmp m 4 L* few*) AGENTS S PORE NEPTUNE AGENCIES PTE LTD Tafc *****11 MALAYSIA KONTENA NASKMAL SDN BHD Tit f KeUnf 7475/6 KL *****4 Penanf *****/5 SOUTH AFRICA S pore Durban Ldn P [lu C 14/17 Apr
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      596 16 n/nim IrVRIMU XMIIVC Sport Fit AM IMb Sy4 a/a% 27Apr llby IM) 14 My LOBRRR rat Singapore P Mang Penang Calcutta C.42/43/14 Apr 17/U Apr IV2B Apr C Gonj Calcutta 19/21 May 22/23 May 24/25 Mn NEW ZEALAND SERVICE hr WOK LTTTUTOR. KLUKTON. WCUMB NwZoaMrt Sapton PlUmi 1/3 Mr «/s
      596 words
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      368 16 i »i 11 >1; SINGAPORE SHIPPING AGENCIES PTE LTD ;O'M 'IOL I «N BUILDING' SiSG*PO»{ t VAM* t No J.NtS 91J1" ,14 ~l*{S> T fclf« RS.4S9S IS .'iSfiMß CARS" F*. ABU CABGOSHP SIM.APORi: LSI A\l)S USE IMlfld JIW) W»»T>n MIPDt t HAST RtdL'LAR USER A SAFE WAV TO SHIP BV
      368 words
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      582 16 .MALAYSIA* mrcmtATtONAL CORPORATION BCRHAD Nso Accept Fran 1) Mateo Slockhoh* Otto HMwntu. 2) Cooenluftn Aartwv 3) Bremen. 4) Antwerp Amslerdai* UK. 5) Bute. Borteaw Mm accept** inter mediate cvfo to Hoojkonf tapan EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SC ANOINAVIA EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT U •Kid HNUMEUH HUDomcta S port
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      501 16 INTRASEA IPTF) LTD 1 .iht 1 Housp 234t O'C jt! O fMC o" 1 9 Tpipphnnt 11 235-i VKansai Line STRAITS/AUSTRALIA SERVICE Singapore P teUng Lm*« tar GRACE MCLMK V.I2A 15 Apr hNrl S*ney /MHbournt/ MM wmb <TK) m- own toot -mm ll*0»- *0 WW* I IMHB 40N44 4NM2 4N671
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      156 17 EGYPTIAN INTERNATIONAL LINE (EIL) i _J EGYPTIAN FLAG FAST AND WRECT LINER SERVICE TO EGYPT (PORT SAD ALEXANDRIA) PT KEL PCNMG PT SUEZ PT SAO MIX mi u SMB U STORE Apr 17 M» 17 May 1 Man Hit 31 IntS MMUMC cutso nog CONTACT sacra SKIKK m z3M7ii GENERAL
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      189 17 DUTCH FAR EAST LINE (DUFEL) Sac*** to r*m. Nta| mt Map. ohct saract to bmm I'm r. Mai MMKMONMOSVIII U/4/W 15/4/79 auakaun noma n« 15/4/79 17/4/79 F« UST ami -MMIQ OUSAM KHANS AUAKMON ram lit 13/4/79 SHGAHWE SPACE BOOKMGS *****2? Gtn Afcah MOUEAS M* IM OMNIA! SMMKCOM ta *****22 (I
      189 words
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      116 17 ALFRED C. TOEPFER LINE REGULAR SERVICE TO KDfTEMtMCAN PORTS OF ITALY, SPUN, FRANCE TMER SERVICE SAPPORO OLYMPICS S'pm P.Mmi OktdurfM( hW IS Apr LaSpufe. N mTERmOOBt TRWWORT YEW LIAN SHIPPING C 0 (PTE) LTD. »C 3rd fir Nek St* St S port 2 TO 221K55 (S U») KGUUI SEMCtS 10
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      101 17 ASIA MERCHANT MARINE BINTANG LINES MM «MK TO BMU KUMI/ MBMtt VlSStl IMDMG ETO DtST H.V. MBMUKE 121*71 12 Apr 71 K KLAfT/MUMA ICV SENG TKAOMG SHPPMG PTE. LTD. 1201. 12FI. GOLDEN MLE TONEX. BEACH M). STOKE 7. TEL: *****44 (3 LMES) JAPAN STRAITS DIRtOT Sf RVICf 11/U MP 11/
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