The Business Times, 8 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, MARCH 8, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Harun plea rejected
      68 1 AFP KUALA LUMPUR, Tues. The Yang Dlpertuan Agung has rejected an appeal for pardon by Datuk Harun Idrls, the convicted former Chief Minister of Selangor state, now serving a six-year Jail sentence. The decision was made on the advice of the Federal Territory's Pardons Board which met
      AFP  -  68 words
    • Article
      Nervous trading
      82 1 LONDON, Tues. The European foreign exchange markets looked anxiously towards the United States for news of the coal strike today as the dollar rose gently In nervous trading. The dollar advanced steadily to 2.0340 West German marks on the London foreign exchange this morning, compared with Its close
      82 words
    • Article
      Lawyer's trial
      89 1 A DISTRICT court has fixed 27 days for the trial of lawyer Khoo Hln Hlong, accused of abetting Cho Jock Kim, managing director of Far Eastern Hotels Development In committing criminal breach of trust. The trial win start on August 1. Khoo Is accused of abetting Cho of
      89 words
    • Article
      Lock icon Qantas in form
      83 1 Reuter CANBERRA, Tues. Australia's International airline, Qantas Airways, today reported a turnround to a A 510.24 million profit (5128.8 million) In the year ended March 31, 1977 from a $7.21 million loss in the previous year. The government-owned airline said In Its annual report that the return
      Reuter  -  83 words
    • Article
      Lock icon What now Freddie?
      84 1 AFP CANBERRA, Tues. Freddie Laker, the British cut-price airline magnate, today put forward Slans to the Australian government to bring 3,000 British and European tourists a year to Australia for AJS4O (551,415) return in the offseason. He said that If the tourists wanted to stop over in
      AFP  -  84 words
    • Article
      Lock icon China-EEC pact
      58 1 Reuter BRUSSELS, Tues. Chinese Foreign Trade Minister Ll Chiang will sign a five-year trade accord with the EEC here early next month. EEC officials expect the accord, Initialled here last month, to bring Increased orders for industrial equipment and know-how from European firms In return for freer access
      Reuter  -  58 words
    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Tues. Stocks struggled for direction early today. The Dow Jones Industrial average was ahead 0.53 point to 743.25 shortly before 11 a.m. With the average down almost 90 points so far this year, analysts were looking for some bargain hunting among blue-chip Dow average stocks.
      UPI  -  66 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      120 1 Rises Com Plant 500 +22 Per lit Plant 185 +8 M Flour 320 8yn Rutins 101 +6 Troaok Mines 595 +5 UIC 258 +5 Fed Cable* 134 +5 Tractor* 364 +4 Foils Stuifei Beat 498 -12 Berjunlai M Tobacco 725 590 -10 -5 Supreme Corps 270 -4
      120 words
    • Article, Illustration
      In Kuala Lumpur
      149 1 ConjoJ PH 5.10 .15 1 liff Ji 1.21 +.11 Beti Hume(FE) 5.00 .10 1.50 .09 Roxy 2.08 .08 Utd.MaJ 3.28 .08 UXd Plant 2.29 .07 Hume(M) 1.74 .08 U.A.C 2.46 .06 1.84 .05 Olympia Petal lng Fo 1.91 5.75 lis .05 +.05 Rothmans 3.56 -.12 Berjuntal -.05
      149 words
  • Article
    S'pore on sound financial footing
    738 1  -  LOTS OF ROOM FOR LOANS By SOH TIANG KENG SINGAPORE'S external debt snowballed to $978 million at the end of last year, but this comes to only one-tenth of the Republic's total reserves, making It an under-borrowed nation. The nation's foreign reserves hit an all-time
    738 words
  • Article
    INSURANCE CAN INVEST IN CDs
    239 1 THE Monetary Authority of Singapore has taken another step In stimulating the Asian dollar certificate of deposit market in Singapore, by allowing one of the largest pools of lnvestible funds to Invest in the Instrument. It has decided to allow insurance companies m Singapore to
    239 words
  • Article
    Joint chamber on Asean-US agenda
    558 1 THE FORMATION of an Asean-US Chamber of Commerce will be one of the many proposals expected to be discussed at the second round of Asean-U8 consultations to be held in Washington sometime between June and October this year. According to a US embassy spokesman the
    558 words
  • Article
    Lock icon HK asks Oslo for talks
    136 1 AFP HONGKONG has asked Norway for consultations over limiting the Colony's textile exports to Norway, a Hongkong government spokesman said. The two sides held negotiations in December 1977, which ended in no agreement when Norway demanded quota cutbacks averaging 40 per cent. Meanwhile, President Marcos
    AFP  -  136 words
  • Article
    Shippers move to join forces in Asia, Pacific
    307 1 AN ASIA-PACIFIC •kippers' council will be formed if representative* from Asian and Pacific region countries are sooceesful in drawing up the technical details for such an organisation this year. The meeting, under the aegis of the United Nations Economic and Bocinl Commission
    307 words
  • Article
    Exporters of timber want tighter rein on licences
    554 1  -  •y RONNIE LIM TIMBER exporters want the Timber Industry Board (TIB) to clamp down on malpractices which may damage the industry In the long run. The board, they claim, has been fairly lenient in the past few years In the issue of
    554 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      28 1 whatever you need in monawaar, get K at... MOHAN'S DEFT STORE (PTE) im »t OrchWdßoed "******22 (nut to Mandarin Hotel) ■wen: WfcminfhQpplm Cawtia H239QM Daily:9am-9pm SEE BACK PAGE
      28 words
    • Advertisement
      Page 1 Advertisements Column 2
      70 1 :S^ St rnn 4\ uwlet one to°'- ■■< T, Uy« < strategic iocationnear Pan Island Fxpressway/ Buki? Timah Road intersection 6 mile radius to city pol Jurong long term secu r e lease plan your entire office layout full container capapilrty j 40 ft full warehouse capabilrty hoists torklifts pallet
      70 words
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      Page 1 Advertisements Column 3
      46 1 miss SHIPPING TIMES PEOPLE in bi US computet Swiss bonds AW ym urn offshore OFFSHORE Nrkinlsiy void im China ADVERTISING hmk i» stock pwrtosi BEMBAWANG Skipysrd SOLD MEMOPAD t, CROSSWORDS 2, AIRCRAFT SCHEDULE S, WEATHER C, TV A RADIO BRISTOW 7, STRAWS IN THE WIND 7
      46 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 SEE PAGE 2
      3 words
    • Advertisement
      Page 1 Advertisements Column 5
      231 1 Cooi hmlthy pollution-free driving with ▲mAßuenu COOL MASTER .CAR AIR CONOTTIONER £7 M 1 GOLDHIU PUkZA. SINGAPORE 11 TEL *****2 240. LAVENDER STREET SINGAPORE 12 TEL 25*4080' *****29 The heartthrob. y J eM' v.,* Otvetli Electric Typewriter Editor 4C The-Olivetti Editor AC electric typewriter. That's what caused the stir. Consider
      231 words
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      Page 1 Advertisements Column 6
      2 1 SEE PAGE
      2 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      202 2 DATE Title LOCATION COURSES AND TALKS Feb 13 Administrative YWCA, Marine Mar 31 management Parade Mar 4 It 11 Business strategy: Formulation and SIM Conference Implementation Room Mar 4All Telephone Techniques and SIM Conference Courtesies Room Mar 5-11 3rd Asian Congress Hyatt of Secretaries x Mar 6-15 Material
      202 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      189 2 IBM Singapore announces the appointment of Mr. J J). •Cooper (above) as Its DP (Data Processing) Operations Manager. This post was formerly held by Mr. John Tessler, who was appointed general manager of IBM Singapore, Mr. Cooper was the branch manager of the Newcastle Upon Tyne branch,
      189 words
    • Article
      Lock icon NAN FUNG TEXTILES OF HK SEES RED
      69 2 AFP THE trauma of the Hongkong textiles Industry Is reflected by the 91.45 per cent fall In the profit of Nan Fung Textiles Consolidated Ltd. The company's unaudited net consolidated profit after providing for taxation of the group for the half year ended
      AFP  -  69 words
    • Article
      Singapore top importer among Asean states
      593 2 ASEAN member states purchased US$B6.5 billion (***** billion) worth of goods (cif) during the *****5 period. In an article evaluating Asean as a market place, the Philippine economic dally. Business Day, said this amount represented an Asean import Increase of <15.6 billion from $7.4
      593 words
    • Article
      High demand for word processing systems
      211 2 WORLDWIDE demand for word processing systems in the next few years will grow as rapidly as the demand for data processing systems In the last few. By 1980, the Industry will be selling about $2.3 billion worth of word processing equipment, sakl Mr. Ted
      211 words
    • Article
      You can bet the punters are delighted
      230 2 IT TAKES unfavourable elements to stop hard-core gamblers from getting their bets on and 30,000 local gamblers were thus frustrated recently when lightning in the vicinity knocked out the Turf Club's electronic odds presentation board. This was not the first of such minor
      230 words
    • Article
      Cane and teak for Shangri-La
      97 2 SHANGRI-LA has awarded two contracts worth *375,000 for teakwood and cane furniture to a local company, Cheng Meng Furniture Co. The furniture will be used in the Garden Wing extension which will open in July. It will add another 165 rooms to the present 520.
      97 words
    • Article
      Lock icon Japanese capital investment will rise
      490 2 Reuter AFP CAPITAL Investment by 1,323 major Japanese firms In fiscal 1978 (starting April 1) will rise by 7.3 per cent, compared with the current year, to 8,250 billion yen (5579.2 billion), according to a survey by the semiofficial Japan Development Bank. It estimated fiscal
      Reuter; AFP  -  490 words
    • Article
      Lock icon Thai trade deficit
      137 2 Reuter THAILAND recorded a' trade deficit of nearly 16.4 billion baht (551.96 billion) during the first 11 months of last year, 5.4 blUlon more than in the corresponding 1976 period, directorgeneral of the Business Economics Department Anand Poocha-um said. Thailand's imports ending November were 81.61 billion baht
      Reuter  -  137 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      57 2 This announcement appears as a matter of record only. March 1978. UNITED ASBESTOS CEMENT UNITED ASBESTOS CEMENT BERHAD M 517,000,000 SEVEN YEAR TERM LOAN Managed by 4SE4MR4NKERS M4MYSI4 BERH4D Provided by ASEAMBANKERS MALAYSIA BERHAD BANK OF AMERICA NT SA MALAYAN BANKING BERHAD MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD THE HONGKONG AND
      57 words
    • Advertisement
      Page 2 Advertisements Column 2
      62 2 This announcement appears as a matter of record only. March 1978. Vi R 9 9. S V 3S KOPERATIF SERBAGUNA MALAYSIA BERHAD (THE MALAYSIAN MULTI-PURPOSE CO-OPERATIVE SOCIETY BHD.) M 59,000,000 MEDIUM TERM LOAN Managed by kO 7 I k. l 4 —Provided by ASEAMBANKERS MALAYSIA BERHAD BANK BUMIPUTRA MALAYSIA BERHAD
      62 words
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  • OVERSEAS
    • Article
      Lock icon Bonn does not see need for a stimulus
      411 3 Reuter THE West German government believes a stimulus to demand would not produce significant, durable growth, the Hudson Europe Research Institute said in nits fortnightly letter. Most people In Germany already have appliances, cars and homes and putting ,„more money into the
      Reuter  -  411 words
    • Article
      Lock icon Worldwide bond volume steady
      507 3 Reuter THE International Monetary Fund said the volume of new international bond Issues totalled U5534.2 billion (5578.7 billion) last year, the same volume as In 1976. However, the IMF said in its "Survey" that there was a substantial shift in the composition of the market, as
      Reuter  -  507 words
    • Article, Illustration
      Lock icon Venezuela is overcoming its oil sales problems
      595 3 AP Reuter VENEZUELA is gradually overcoming its oil export i difficulties that resulted from a glut on the world market. Venezuela's President Carlos Andres Perez was quoted as saying this on Monday. As a result of the glut, the country's crude oil production
      AP; Reuter  -  595 words
    • Article
      Lock icon US firms may redeem Swiss bonds earlier
      721 3 Reuter AFP THE RISE in the value of the Swiss franc against the dollar has caused many US companies to consider early redemption of their Swiss franc bond issues, Informed banking sources said. With the Swiss franc now at about USS4 cents compared
      Reuter; AFP  -  721 words
    • Article
      Lock icon OIL STORAGE LAGS
      499 3 AP THE storage of a strategic petroleum reserve In the US which began last year got off to a slower start than planned but can still meet its target of 500 million barrels by 1980. Energy Secretary James Schleslnger was in Louisiana last July to start oil
      AP  -  499 words
    • Article
      Lock icon Manufacturer huffs and puffs against drive
      253 3 UPI A US tobacco manufacturer has accused the Federal campaign against smoking of using taxpayers' money to deny Americans their right to free choice. In Denver, Colorado, to promote a new brand of cigarettes, Mr. Kinsley Dey, Jr., president of Liggett and Myers Tobacco
      UPI  -  253 words
    • Article
      Lock icon COLOUR TV IMPORTS UP FOR BRITAIN
      161 3 Reuter BRITISH Imports of colour television sets rose last year to 311,000 from 214,000 In 1976. Total colour TV deliveries to distributors rose to 1.64 million in the year from 1.51 million in 1976, while deliveries of monochrome sets were 1.03 million M* ,n
      Reuter  -  161 words
    • WORLD IN BRIEF
      • Article
        Lock icon NOT SWEET FOR BRAZIL
        441 3 Agencies BRAZIL lost an estimated US$4l.7 million (5596.7 million) on its sugar exports in the first two months of this year because of very low world prices, said the newspaper Gazeta Mercantll. Statistics from the Brazilian Sugar and Alcohol Institute showed that these exports totalled 417,000
        Agencies  -  441 words
    • Article
      Lock icon Strike is taking its toll of industry and business
      241 3 Reuter US BUSINESS and industry throughout the American midwest are counting their losses In the millions of dollars from the threemonth coal strike, with layoffs and power shortages mounting dally. Thousands of workers have been laid off or been put on
      Reuter  -  241 words
    • Article
      Lock icon Sharp rise in Tokyo bonds
      77 3 Reuter NATIONAL bonds Issued by the Japanese government and bought by nongovernment buyers, including banks and securities companies, are expected to rise 44.8 per cent In fiscal 1977 (ending this month) to 8.860 billion yen (SSBS billion) from fiscal 1976. following increased Issues of deficit
      Reuter  -  77 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      57 3 This announcement appears as a matter of record only. March 1978. PERDANA PROPERTIES BERHAO (A member of the Low Nam Hui Group of Companies) M 59,000,000 MEDIUM TERM LOAN Managed by 4SE4MB4NKERS M4UYSM BERH4D Provided by ASEAMBANKERS MALAYSIA BERHAD MALAYAN BANKING BERHAD PERWIRA HABIB BANK MALAYSIA BERHAD UNITED ASIAN BANK
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      539 3 CRYPTIC PUZZLE ACROSS 3 White-faced fellow? (5) I get mixed up with Oert, the cat (5) 10 Figure in a rail crash with a competitor (5) 11 Insular chap? (3) 12 Like a heavenly system (5) 13 Faraway couple at the Junction (7) 15 Aimed at men. perhaps (5) 18
      539 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      442 4 THE Singapore market closed slightly higher with March One RSS buyers quoted at 204.75 cents per kilo yesterday, up 0.50 cent from Monday's close. Afternoon prices were slightly steadier on some covering demand but trading remained thin. The morning market closed slightly lower with March
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    • Article
      Closing prices
      30 4 Rubber: March 7: Singapore: March 204.75 cent* (up 0.50 cent) Malaysia: April 208.50 cents (up 1.00 cent) Tin: $1,632 (down Sl2) Official offering: 208 tonnes (down 47 tonnes)
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    • Article
      RAS PRICES
      321 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (perkllo) Int 1 H S.S prompt f.o.b. Int. I R.S.S March Int. 1 RSS April lilt 2H.S.S. UK/Cont Int 3 R S.S UK'Cont Int 4 R.S.S. UK/Cont. Int 5 R.S.S. UK/Cont. Buyers 204.25 204.25 204.50 200 00 199
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    • Article
      SSR AND SMR
      81 4 NOON SSR and SMR prices yesterday HAS (Oi April irrvat Mth) March (FerwardMtk) Buy <ea ■taper kg) <ee >u parks) SSR 20 SSR SO (1-ton pallet) < 1-ton pallet) 104.00 182.00 196.00N 194.00N 196.00 193.00 197.00N 196.00N MRELB SMRSCV SMRSL SMR S SMR 10 SMR 20 SMR
      81 words
    • Article
      Sugar
      221 4 SUGAR futures In London yesterday opened £2 to i' 1.30 down from Monday and declined further In relatively light post call dealings. Trading selling and long liquidation were reported by dealers. They said sentiment was being bearlshly affected by depleted physical offtake. Both the London daily raws and whites
      221 words
    • Article
      Rice
      195 4 BANGKOK rice prices were quoted as follows yesterday: (U8 dollar* per tonne fob basis. Bangkok): While Rice: 100 pet Ist class 412, 100 pet 2nd class 397.100 pet 3rd class 392. 5 pet 383. 10 pet 370. 15 pet 365. 20 pet 360. 25 pet 352 35 pet una.
      195 words
    • Article
      Produce exchange
      377 4 PRICES held steady In quiet trading at the Singapore produce market yesterday. The undertone was strongest in the coconut oil and copra sector. Dealers were reported to be asking for higher prices than that quoted by the Singapore Chinese Produce Exchange In an attempt to hedge against any
      377 words
    • Article
      Coffee
      301 4 ROBUSTA futures In London yesterday opened with losses of £33 to £15 per tonne compared with previous night's close. Turnover was 485 lots which included 125 lots of cross trades In' January. The market tone was "barely steady." Values eased in line with New York's close and found good
      301 words
    • Article
      Cocoa
      164 4 TERMINAL cocoa In London yesterday swung widely either way in early trading, taking in a £40 limit decline in July at C 1,656 per tonne and a subsequent rally to the session's highs. A break in heavy trading saw most positions showing minor gains from previous night while spot
      164 words
    • Article
      Palm oil
      67 4 C IT US dollar per ton. LONDON: Monday n Malaysia 5* ffa bill* May 56# sir 930 air Sumatra 5% (fa March 900 pd 903.90 sir April 940 sir 900 sir May 590 sir 949 sir June 939 pd 917.90 sir July 517.50 sir 917.30 sir Nigeria Mtffa
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    • Article
      Straits tin
      130 4 THE Straits Un price In Penang yesterday fell Msl2 to 51.632 on an official offering of 208 tonnes. In LONDON yesterday, tin fell by around £27 for cash and £30 for Three Months In both contracts Despite the further fall at Penang and quiet outside conditions, early values
      130 words
    • Article
      Zinc
      60 4 ZINC closed with losses of €4 for cash and £4.50 for Three Months In London yesterday. Early steadiness in the pre-market gave way In the ring under lightweight liquidation. Three Months reached C 262 early on but eased to 1254.50 by the close of ring dealings while a contango
      60 words
    • Article
      Silver
      215 4 SILVER registered gains of mostly 3.5 pence per troy ounce in London yesterday. Prices were marked up at the outset of the premarket reflecting overnight gains at New York, dealers said. Values were subsequently maintained around the higher levels aided by higher gold with small-scale profit-taking well absorbed. Ring
      215 words
    • Article
      Hongkong comex
      388 4 THE sugar market closed yesterday easier in dull and featureless trading, on lack of any speculative Interest, dealers said. Trading was restricted mainly to May delivery, losing US$O.l3 cents on commission house selilng. A total of 11 lots were traded while the Hongkong dally spot sugar price fell
      388 words
    • Article
      Soybean
      211 4 SOYBEAN futures In Chicago retreated from early highs of as much as 15 cents a bushel, closing three to 1/4 cents higher on Monday. The market rose rapidly in the early trade as local and commission house buying met little selling. Much of the buying was technical but support
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    • Article
      Wheat
      191 4 WHEAT futures continued In Chicago upward in early dealings, with nearby contracts leading the advance on Monday. The market extended a firm opening into gains of several cents and ranged 23/4 to one cent a bushel higher around mid-session. Prices edged upward on local and professional buying and continued
      191 words
    • Article
      Copper
      338 4 COPPER wlrebars in London yesterday finished the morning with gains of mostly C 5.50 per tonne. Values were given a boost on the pre-market by moderate covering prompted by the advance In gold and sliver during morning, dealers said. Further impetus to the movement stemmed from some outside demand
      338 words
    • Article
      Lead
      45 4 LEAD finished In London yesterday morning with all round losses of £1 per tonne. The rally In copper encouraged modest short covering on the pre-market upto 1304 for Three Months but subsequent profit taking during ring and kerb dealings pared the position to t'299.50.
      45 words
    • Article
      Gold
      400 4 THE kllobar In Singapore opened at 3913,830 and closed at 813,825. In London the metal opened at U*****.45T3 and closed at 8185.50/80, with a 80.00 fluctuation. The London morning fix was U*****.40, up 81 from the previous. In HONOKONO yesterday. gold closed HK85.40 higher at 81,018.60 per.tael, while the
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        541 4 THE US dollar yesterday managed a slight rally in thin trading against most of the world's currencies in the foreign exchange market conditions as dealers refrained from opening new positions in response to renewed doubts about the US currency. As a direct consequence of MAS support of the
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      • Article
        Minimum lending rates
        73 4 THE AVERAGE prime rat* of beaks in Singapore standi around 7 per cent, with the range running between CH per cent and 7V« per cent. Overoee-Chineee Banking Corporation is at the lower end of the range while a number of banks, including Citibank and Development Bank of
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        Asian $ rates
        133 4 Asian rates ASIAN currency depoalt rmtM u at clot* on Mar. 1 Interbank r: U8MU O0v 7 day* 7/8 1 mtft 71/9 7 2 mtru 71/9 3 mini 7 9/16 7 7/16 6 mtfu 7 J/8 Jmihi 7 3/4 12 mthi 8 Bv.Pn. (MIMh 7 7/9 Dm. i Pri<*»l 1
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        Australia/NZ
        48 4 on'Sr 7 UA/HZ e,Khan AUSTRALIA US dollar 1.14M/1.13M Sterling 0 MM/0 MM Ninety -day air mall buying rata Sterling 0 MSO US doUar ***** Ninety-day forward buying rator Stortliy 0 MM US dollar 1.13T7 NXW ZEALAND Sterling 0 S3lO/0.5252 US dollar 1.0311/1 0210 -alltmrtneraM.: US dollar I.MM
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        Euro $ rates
        51 4 Euro rates isssr^rr-— JSVBi.— Ttmr» m HM/U, IS-IVIC OaMtwo days 0-1 Vl». 0-IS/U ar*«n day* fu and notice 7. S-7/S One month 7-1/1. 7 Two month* 7-1/4, 7-l/S Three Month* 7-0/16. 7-7/16 Jpw month* 7-S/io, 7-7/10 month* 7-11/16, 7-0/16 SU month* 7-1/4. 7-VO Mine month* 7-7*. 7-J/4 One ymr S-l/M.
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        Discount
        48 4 RANOE of pocm offered by discount houses on Mar 7: Overnight 2 3* Call deposit S 1/4* 3-Month Treasury Mils 3-Month Bank bills 3-Month CD •-Month CD Bvytac 3 1/4 4 15/14 s i/a 5 7/16 s i/a 4 13/14 t vie Source: National Discount Co Ltd.
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        Zurich
        62 4 ZURICH enhances closing quotes on Mir US 1 8870—8920 Sterling 3 8627-8838 Can I.«M 868> D Mk 82 TT2S-8J ISBI D PI 88 8385-87.228) P Fr 38.3636-5402 B rr 6.8888 8811 D Kr 33 7418-8482 N Kr 36 3386-4673 8 Kr 48 6*42-8780 Lit 0 2213-2220 AUS Mb U.
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        Frankfurt
        42 4 PkANKPURT exchanges oMoint quota* on Mar 7: pening US 2 .0250 t6 Cta 1.8886/8110 Stertlnf 3.822/832 D PISS. 46/66 8 Pr 187.46/86 Ut 2.376/386 P Pr 42.36/46 N Kr 38.13 m 8 Fr (eon) 6.4)1/431 B Pr (fla) 6.43/44 Yen *****/8886
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        London
        215 4 HERE, the dollar softened slightly against major currencies after opening generally steadier compared with overnight levels, but trading was slow to develop. Against the mark it moved up Initially to 2.0295/ 0310 from 2.0265/ 85 at Monday's close, but shed its gain to be quoted at 2.0267/ 82, and
        215 words
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        New York
        306 4 MONDAY'S dollar closed weaker against major currencies although generally little changed from weekend levels, as it showed little reaction to President Carter's announcement he was invoking the" TaftHartley Act ordering striking coal miners back to work for 80 days, dealers said. They said the market continues to be
        306 words
      • Article
        Hongkong
        186 4 THE dollar fluctuated against European currencies in nervous moderate trading to close above its New York closes. Short-covering ahead of Europe's entry pushed the dollar to 2.0250/60 In early afternoon but It eased to close at 2.0235/50 against New York's 2 0140/60. It rose to 1.8650/700 Swiss francs from
        186 words
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        Tokyo
        177 4 YESTERDAY'B dollar for overnight delivery closed at 235.85 yen, slightly down from a 235.90 opening. No central bank "intervention was detected. Trading was active with volume $395 million. After a higher opening reflecting overnight dollar steadiness abroad, the us unit fell In nervous early trading on limited dollar selling
        177 words
      • Article
        Eurobonds
        225 4 Strmicfcu M Offer' msnwn 00 00 00 781 Courtaukta *u os oo TT.... EIB K| 92 M OO 07.00 1 00 781 00 271 flaonaatf 10HC7 lncS02 100.75 00 02 101 s® IncoSKM 06 02 •7 is 8parbanltemai 97 00 Shell 8* 8» 00 90 8NCF8M 84 00 90
        225 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      156 4 collectinq Oriental Antiquej by Judith Moorhouse and Dries Blitz cy Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It is, however, widely believed that they are too expensive for the average collector. This myth is perpetuated by
      156 words
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  • TRANSPORT
    • Article
      Lock icon Undamaged VLCC sold for a song to scrapyard
      397 5 AFP undamaged very large .''erode carrier (VLCC) is to be "wrapped in South Korea for Jtoe first time as the crisis in ■°U tanker freights worsens. Lloyd's list reported from °fc»ndon that the Jan-Dlvy ■group had sold the 207,000jtoiine Djrvi Nova to
      AFP  -  397 words
    • Article
      Checks on safety
      77 5 EIGHT West European countries will step up checks on health and safety aboard ships using the North Sea under a memorandum signed in The Hague recently. The agreement among Britain, Belgium, Prance, Denmark, Holland, West Germany, Norway and Sweden aims to harmonise the way the eight nations
      77 words
    • Article, Illustration
      China seeks offshore drilling technology
      676 5  -  START-UP OF RIG DELAYED By GOH ENG KEE CHINA Is seeking not only the equipment but also the expertise available for Its small but growing offshore oil exploration programme. According to oil-rig Industry sources, China needs the expertise accompanying the sophisticated equipment because of its
      676 words
    • Article
      FAR EAST FREIGHTS
      1064 5 SHIPMENTS from India are improving with shippers receiving very attractive rates, but fixtures for log consignments have seen a slight increase in rates. 'Cargo Available 10,000 min 15,000 max metric ton (MT) bulk TSP nasselata to Surabaya JLaycan for March 21 to 27 load/ discharge 1000/ 8000
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    • Article
      SHIPS IN PORT
      455 5 EXPECTED ARRTVALB TODAY KEPPEL WHARVES Bengloe (after Mendoza) 31/ 32 Cherry Vllja (B. Barge) (after Neptune) 48 Clifford Maersk (after Car Liner No. 1 Daioh Maru) 6/7 Ellen Bakke (after Susan Maersk) 38/39 Idaho (after Protesllaus) 35/36 Maritime Grace (after Balashlka) 10/11 Nedlloyd Seine (1000) 3/4 Perils
      455 words
    • Article
      Lock icon LONDON FREIGHT MART
      124 5 AP EARLY grain tonnage on the London freight market on Monday won slight premiums for US Ouif grain movements to Japan with US$l5 (5534.50) (fio) conceded for 17,14? tons and $8.50 (fio) for 50,000 tons. However, North American grain export shipments were still hampered by weather conditions
      AP  -  124 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      612 5 •ARRIVALS Service Local Operator Number Time From TMA TL304B MAS MH682 MAS MH621 OIA GAB80 CPA CX710 THAI TO 423 SIA SQ209 THAI TQ981 OIA OA944 OIA OA908 PAL PR501 RBA BI32S OIA OA962 SIA SQ240 MAS MH684 SIA SQ201 SIA SQ611 SIA SQ455 SAS SK973 OIA
      612 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      238 5 FAR EABT/QULF OF ADEN AND RED SEA PORTS CONFERENCE SABAH V BRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS PORT CONGESTION ASSAB Reference Is made to the notice In the press on Tuesday, 7th February, 1978. The member Lines of the above Conferences have reported that port conditions at Assab
      238 words
    • Advertisement
      Page 5 Advertisements Column 2
      118 5 [ETSS'ntat j a CHUJ Rent-a Car SINGAPORE A:PPOR T > TF L 8066O c <?v C! T V TE L ;M«-S8S C This announcement appears as a matter of record only CEMENT INDUSTRIES OF MALAYSIA BERHAD M 546,500,000 Term loan of which M 530,225,000 guaranteed by the Federal Government of
      118 words
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  • Article
    A bucketful of confidence
    570 6 AFTER three months of work stoppage at U8 coal mines, striking miners are finally about to be ordered back to work. This will ensure resumption of valuable coal supplies to a nation already badly threatened by energy shortage. The 80 days "coollng-off period allowed under the
    570 words
  • Article
    Need for tighter timber controls
    201 6 SINGAPORE'S timber exporters are Justified In their rears that excessive freedom within the Industry could breed malpractices. This In the long term will undoubtedly work against the Republic's reputation as a reliable timber supplier from Its neighbouring countries. Their call on the Timber Industry Board
    201 words
  • Article
    Advertising can influence stock price movements
    602 6  -  »r TSANG SAU YIN 18 THERE any correlation between a company's advertising expenditure and the movement of Its prices on the stock market? Or, to put another way, are companies which advertise a lot, better investments than those which advertise little or not at
    602 words
  • Article, Illustration
    WHEN PLACING AN AD IS IN BAD TASTE
    1561 6  -  •y PETER CHIA DOCTORS, lawyers and accountants must not advertise. Until recently, no one, least of all In Singapore, thought to question that hallowed tradition. Then recently the US Supreme Court ruled that the ban on lawyers advertising was unconstitutional. Overnight, the
    1,561 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      652 6 l W m w:<r K m >? m rl SBS Orchard Road, B'pore I. Tel: *****S 406/407 Havelock Road, B'pore S. Tel: 483M1 Pebble Bar Come and be enchanted by the repertoire of the dynamic duo Adam and Be ing for a short season only). Daily (except Sunday) open till
      652 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 WEATHER outlook for Singapore from 6 a. m. to noon today: Isolated showers around mid-day REPORT for 24 hours prior to 7.30 pm on March 7 at the airport. Maximum Temperature 31.3 C Associated Humidity 72 Minimum Temperature 24.3° C Associated Humidity 98 Hours of Sunshine 2.06 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      246 6 SINGAPORE 5 3.00 PM Opening announcements followed by Serbanika (Malay-Re-peal) 0 i 3.25 Diary Of Events (Malay) 3.30 Bonanza Long Way To Ogden 4.20 Intermission 6.00 Opening announcements followed by Electric Company 0 6.30 News in Brief 6.35 Wild, Wild World Of Animals Badger Country 0 7.00 Samudra News and
      246 words
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  • Article, Illustration
    Lock icon SUS corporate morality gives others an edge
    1099 7  -  ■y PAUL LEWIS NYT FOREIGN corporations are laughing at the United States Senate these days. The dollar may be tumbling and world currency markets in unprecedented disarray. But the Senate took its time in letting Mr. William Miller pick up the untended reins
    NYT  -  1,099 words
  • Article
    Lock icon Offshore oil boom for Malaysia
    982 7  -  Br KENNETH WHITING AP ;v IT WILL NOT rival the North Sea, but an offshore boom is underway in Hundreds of foreign oilmen are on the scene. Of- .> ficlals of the state oil com- pany, Petronaa, say their staff increased from 20 to >■■400
    AP  -  982 words
  • Article, Illustration
    STRAWS IN THE WIND
    494 7 THERE is this new department store in town and I'm In quite a quandary as to whether It should be pronounced "class" or T 'classy." With a name Uke that, though, I'm not too sure I care. 800 prize of the week goes to John Dawley,
    494 words
  • Article
    The makings of the overworked manager
    790 7  -  [FOBPM, ...on mana&smen It LIE SWEE SENG MANAGERS are often advised that when they are faced with seefhlngly insurmountable pressures from a heavy workload they should delegate more duties to their subordinates, so that they, the managers, can have more time to plan and
    790 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      308 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING S HOTEL Havelock Road, Singapore 3 Tel: *****1 f HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 ladyhill hotel I Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore
      308 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      42 7 fin stm r Li cteas I DortT UPiNT *> GOTfc WO*IC IN TVC, C*£ST£feffeK*y Qa M rwie I m 2* DUP*HG "JU. >#OL*SfcLF t»CK£. roa goh&TO PjSK "V»s N»ce GeKTienpiN Dmv4£ ler Goof The. Tue. NceGGKTienfvN's leg. vhswt/ Wo %tou> >fO*J Vto, Rri&oHHCLv—a?
      42 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Stocks advance
      584 8 Tokyo Source: DBS-Daiwa A BREATHER In the appreciation of the yen rate to the US dollar on the Tokyo foreign exchange market aav share price* advancing moderately centring on export-related issues and speculative counter* yesterday High-priced light electrical Issues such as Kyoto Ceramic and TDK, and other exportrelated
      Source: DBS-Daiwa  -  584 words
    • Article
      Lock icon Hongkong
      385 8 Source: Sun Hung Kai Sec. Ltd. THE markeVcontinued to consolidate yesterday In moderately active trade. There was no discernible trend. After opening on a soft note, prices recovered early losses and continued to shov marginal movements. Some property shares were again In favour such as New World up 3
      Source: Sun Hung Kai Sec. Ltd.  -  385 words
    • Article
      Sydney
      293 8 INDUSTRIALS were trendless while minings eased on lower metal prices yesterday, dealers said. The Sydney Atl-ordlnarles Index fell 1.37 points to 441.44. BHP rose four cento to A 85.38 while ACI eased one to $1.54. The Bank of NSW dropped 10 cents to 95.06 In otherwise slightly firmer banks.
      293 words
    • Article
      Manila
      144 8 THE market cloeed mixed with commercial averages posting slight gains while minings and oils declined, with turnover rising to 2.27 million pesos yesterday from Monday's 1.50 million pesos. Basic Petroleum and Oriental tost two and one point respectively, while other \>ll issues remained steady Midi r Pesos Acoje Mining
      144 words
    • Article
      Bangkok
      152 8 MAB «7 Bahts 47Asia Fibre 278 -4 Bangkok Bank 407 -4 Bangkok Invest 398 -8 Bangkok-Metro-politan Bank Bata 810 4-5 Bertl Jucker Sl« 4-8 Carpet Intnt T 420 4-a CharoongThal Wire 440 •i Dumex Duslt Thani ase unch Faber Merlin First Trust Oenera Finance 442 +1 Indo-Thal Industrial Finance
      152 words
    • Article
      Johannesburg
      353 8 OOLD sharoo moved off the top on general lack of interest in dsall trading on Monday. despite"" ilgher bullion lndlcaUoos. Financial minings were firmer whew changed In light trading. Do Boon was unchanged at sat. Other metals and minerals closed narrowly mind In slack trading. Colliery sharoo wore steady
      353 words
    • Article
      Toronto
      364 8 SHARE prices closed mixed on Monday as the market, yielding to downward pressure from Wall Street, gave up most of Its afternoon gains The composite Index was off O.S point and declines outnumbered advances 304 to 117. Dominion Bridge rose to 25* and Cae A* added Vfc to 124t
      364 words
    • Article
      SHARE PRICES END BROADLY LOWER
      1110 8 New York STOCK prices finished broadly lower in sluggish trading on Monday despite President Carter's decision to order striking coal miners back to work under Taft-Hartley WHohttan. Analysts said there was widespread belief that moot of the 100,000 minors would defy Mr. Carter's action to
      1,110 words
    • Article
      Bourses down in quiet trading
      405 8 EUROPEAN MARKETS PARIS and Zurich bourses closed lower on Monday The Puis market lost ground In quiet trading with potential buyers on the sidelines ahead of the elections All sectors were affected with car, DBA, Machines Bull. Creusot-Lolre, Denaln and Petroles BP conspicuously lower US
      405 words
    • Article
      Amsterdam
      201 8 MAR 08 Fit Ahold 190.00 1.5 AUo 21 SO ♦0.2 338.50 +2 AMEV 78 80 -0.2 Amfai 107 88 ♦0.5 Amrot Bank 72 40 00 00 1 -J W 101 JO -0.3 Bob 71.S0 ♦0 3 BorsumlJ 141.00 1 Burhmann 80 70 unch Byenkorf 80 50 1 Calve Delft
      201 words
    • Article
      Paris
      227 8 MAS m Alr-LMutde BS N Oervals w -1J Danom K3 -a C 8 T (Thornton -j» Cwrnncmla* 141.90 dn PvtroftM 101 •i oSSSt a» -> DePrmncc M ♦i (Ubrmtrtc) 1M.90 M.W ■4 -M futbu FMttMy OctM 1123 -17 1M.S0 4.4 i'f S3 -4 Philips (NvOem Be*lt) Prtntempa 8 A
      227 words
    • Article
      Brussels
      89 8 MAI m VOKWABD MAII1T *mc m -i Arbed 3370 -30 528 Brucin 423 ♦3 Bru-Lamb 1410 unch Canpac Oori 356 ♦1 •1 De Been 163 +2 Ebet 236C unch Electro bel 8040 10 Qb-Inno-Bm I860 -6 Oe» 1234 -2 Hobofc 2300 10 Petro 3860 -S3 Ryl Dutch 1820 15
      89 words
    • Article
      Zurich
      121 8 MAS M Frmnca ActionsMm AlusuiaaeBr Alusuiiae Reg. J Brown Boven Br. CtbaOelfy Br CtbeOetfyPC ClbtOeinRef Credit Mm Br Credit 8ulaeeR«c Dektrowatt Br. George Placher Br 200 1200 MO ifS KB 001 2300 4M 1000 m 300 -S 10 uneh -30 -96 -70 -13 -19 -11 -49 -19 -30 2000
      121 words
    • Article
      Frankfurt
      203 8 MAS« Dm Aef-Tekcfunkcn H -»J Akjo 20.MB All! Le ben 620 -9 Alii Vers 472 -J BA8F 137 10 -0.1 Bay H T Wbank 287 4-1 BayVbank 320 SO -1.3 Bayer 137 10 -0.7 BBC 299 M unch BMW ***** 4-3.4 Cassella 376 -0.5 Chem Verw 221.80 4-0.8 Commerzbank
      203 words
    • Article
      Selected indices
      52 8 FINANCIAL TIMES INDUSTRIALS Friday 83* to M*' HA. HANG SENG Tuesday 421.80 Frldav 43ft 2 Monday 420.68 Week Ago 413.03 DOW JONES AVERAGE INDUSTRIALS SYDNEY INDU 8TR1AL8 389.33 389.70 Friday 747.31 389.83 Week Alto ALL ORDIN LONDON DOLLAR 441.44 PREMIUM Monday 83* to 84K Monday Week Aaro 442.81
      52 words
    • Article
      Milan
      98 8 MAR M Lire Anle MO 4.8 Assoc On ***** 810 Butod 535 +6 Central* 3740 +70 Flat 1966 13 Flnstder 87.78 1.5 Gen Immob 82 75 +2.75 IFIPT1 2231 +37 ItalcetnenU ***** +300 I taigas wo 11 Italstder 136 +2 Magneti M Pf 402 ♦7 Marelll Ere 181.25 +3.25
      98 words
    • Article
      IMI makes record profit
      417 8 DESPITE a second half down-turn of £3.67 million to £16.2 million. Imperial Metal Industries finished 1977 with record taxable profits of £34.2 million compared with £30.08 million, including a loss of £0.3 million against a profit of £1.2 million In respect of the change In value
      417 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      394 8 ■sUL i a. I i f I H U ■4 i i THE GREAT BOOKS OF WESTERN CIVILIZATION nii nil O! Mi Sy \T()i ▲▲J These are the books that had to burn. For within the GREAT BOOKS are, volumes that hold the ideas and thinking that challenge the fettered
      394 words
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  • COMPANY NEWS
    • Article
      Lock icon BAYER MAY CUT 1977 DIVIDEND
      185 9 EUROPEAN COMPANIES Reuter LKVERKUSEN: Barer AO will not be able to hold its 1977 dividend at the 1976 level of eight marks, management board chairman Herbert Orunewald mid. Domestic shareholders, who, under Germany's corporation tax reform will receive a tax credit of 9/10 of cash
      Reuter  -  185 words
    • Article
      Lock icon Barclay's offshore unit
      49 9 Reuter LONDON: Barclays Bank International said It plans to open an offshore banking unit In Bahrain under a licence granted by the Bahrain monetary agency. The bank said Its plans for the new branch include offshore wholesale, corporate and related services, and foreign exchange dealing. Reuter
      Reuter  -  49 words
    • Article
      Metal Box factory
      313 9 METAL Box Is to spend £27 million on a new canmaklng plant at Braunstone, Leicester. It will have the capacity to produce 800 million cans a year fpr the food and beer Industries and initially will employ 350 people. The project represents the company's largest single investment
      313 words
    • Article
      Lock icon Options exchange okays 72 more
      179 9 Reuter AMSTERDAM: The European Optlqns Exchange in Amsterdam approved applications for membership from a further 72 Institutions, bringing the total to 162. He said 55 market makers, 32 floor brokers. 10 clearing members and 65 public order members have been appointed. Of the market makers
      Reuter  -  179 words
    • Article
      Lock icon Lufthansa certain of good results
      135 9 Reuter COLOGNE: The West German airline Lufthansa said In a letter to shareholders that it expected a positive result for 1977 despite a drop In bookings during the last months of the year. In November, Lufthansa received a threat that three of its planes would
      Reuter  -  135 words
    • Article
      Lock icon Anglo American SA
      76 9 Reuter ANGLO American Corp of South Africa Ltd said In London that uranium production by Its East Rand Gold and Uranium Co Ltd subsidiary began on Feh 25. The uranium was produced in the form am- monium D-uranate which will be converted to uranium oxide by Nuclear
      Reuter  -  76 words
    • Article
      Lock icon HONDA TO SETUP BELGIAN SUBSIDIARY
      145 9 Reuter HONDA Motor Co Ltd said it will soon establish a Belgian subsidiary, Honda Europe NV, to help It buy more vehicle parts from EEC countries and improve servicing In the area. The subsidiary, capitalised at 800 million yen will be managed Jointly by the
      Reuter  -  145 words
    • Article
      Brokers form agency
      66 9 LONDON: Stockbrokers Vickers, Da Costa and Co. Ltd. and Joseph Sebag and Co. said they formed a Joint venture, "Opclear," which subject to consent of the Stock Exchange Council, will act as a clearing agency for the London traded options market. Opclear will be a separate entity
      66 words
    • Article
      Lock icon Sales uptrend at Ford expected
      377 9 NORTH AMERICAN COMPANIES Reuter FORD MOTOR Co said Its late February car sales rose 20.3 per cent to 75,125 from 62.425 a year aso. For the month, car sales were 183,737 compared with 183,621, the company said. Truck sales were a record 42,310, up 37.5
      Reuter  -  377 words
    • Article
      Lock icon Beatrice Foods and Tropicana tie up
      171 9 Reuter BEATRICE Foods Co and Tropicana Products Inc announced Jointly an agreement In principle whereby Tropicana would merge with Beatrice Foods, with a total value to Tropicana stockholders of about US$49O million. Wallace Rasmussen, chairman of Beatrice, and Anthony Rossi .chairman of Tropicana, said
      Reuter  -  171 words
    • Article
      Getty stock split
      98 9 GETTY OIL Co said directors declared a four-for-one stock split, to be effective June 20. Oetty said the stock spilt and an amendment of the certificate of Incorporation to effect the spilt will be submitted to shareholders for approval at the annual meeting in Houston In May
      98 words
    • Article
      Lock icon Beecham spends £41m on plants
      174 9 Reuter LONDON: Beecham Oroup Ltd said the British division of Beecham pharmaceuticals plans to invest about £41 million at factories in south-east England and Scotland. About one-third will be used to build a chemical plant at Irvine In Scotland and the rest will be used
      Reuter  -  174 words
    • Article
      Lock icon Peking calls for help
      98 9 ASIAN COMPANIES Reuter TOKYO: Nlppoa Ktku KK •aid K will ooad a rarrty team to CM— to the aMft at this month following a CMasaa raquoat far NKX'i cooporatioa la iapmiac the Shin-Ching-Shnn aM mill la Poking. Steel Maitry aoarces uld Chiu pi im te update
      Reuter  -  98 words
    • Article
      Lock icon Matsushita raising Brazilian output
      150 9 UPI TOKYO: Matsushita Electric Industrial Co. said it plans to increase production of colour television sets in Brazil in June to meet fast-growing demands there. Matsushita, Japan's leading electric appliances maker, said It plans to start production of about 3,000 sets per month at a plant
      UPI  -  150 words
    • Article
      Lock icon Hyundai turnover
      94 9 AFP HYUNDAI, South Korea's top-ranking business group engaged in construction, ship-building, cement, automobile, machinery and general trade, registered a record turnover of 1.55 trillion won (5513.5 billion) In 1977. According to the report, its net profit was 10 per cent of turnover or UBs3oo million. i Its exports
      AFP  -  94 words
    • Article
      Lock icon GMH IN THE RED
      121 9 AFP MELBOURNE: Generaf Motors Holdens (OMH) car company crashed A«B.M", million into the red lasT, year. This was the flrst loss by Australia's No 1 car maker" since It began making Holdens In IMS. It Is strft losing money. But the directors have de-,, elded to
      AFP  -  121 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      167 9 1 I f&NKXtHOX lm2P< ■I -.'J Now Rank Xerox does it both ways. Rental of the v world s finest copiers or outright purchase. Whichever is the best for your business. K What's the Difference None. Because Rank Xerox will first help you decide which Rank Xerox copier is best
      167 words
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  • Article
    Transactions in Singapore
    1302 10 BID and offer prlcee officially lifted and business in and reported to Um Stock Exchange of Bmmh venterday with the numberof -shares traded shown In brackets in lota of 1,000 unite unleee otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Bt« Board <Ual(tn
    1,302 words
  • Article
    Government bonds
    162 10 Rep Spore D Mark 7% 1082 (100,000) (1038 103%5) Rep Spore 6 1/2% I*B3 (100,000) (1038 103*8) Rep Bpore 7 3/4% 1087 (100.000) (998 100S) 4 3/4% 1/5/70 (250,000) (100.808 100.955) 5 1/4% 15/10/70 (250,000) (101.25B) (4) 101.35 4 3/4% 15/0/80 (250,000) (99.838 99.955) 3/4% 1/12/80 (250,000) (103.70B)
    162 words
  • Article
    Corporate bonds
    178 10 BOTB 1/2% 1981 (100,000) (1018 101V.S) B O T 7 m ISO 4 (100.000) S9SSB 98*8) I O T Flantfaw ISB4 (100,089) (99*8 99*8) CMS 1/8* 1884 (100,000) (95*8 96*8) L T C B J IMS (100,000) (80*B 1008) LTCB J IMS (100,000)(M*B 1008) CA« Lywali Healing IMS
    178 words
  • Article
    Stock options
    257 10 STRIKINO 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. Hume FE (March 11.20) (0.278) (June $1.20) (0.28B) Pan Electric (March 11.56) (0.178 0.218) (June
    257 words
  • Article
    Unit trusts
    144 10 SINGAPORE UNIT TRUST (Mlufm prices for Mar 8) INCOME BOND UNIT The Commerce.... 1.80 1.91 INCOME BOND 1.10 1.17 The Saving Fund 1.02 1 08xd S pore Prog Fund 0.87 0.92 MARA BUMIPUTRA FUND S'pore Security Fund 1.89 1.79 (Managers' prioat for Mar 8 First Bumlputrm 2.34 2.39
    144 words
  • Article
    Transactions in Kuala Lumpur
    1398 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. INDUSTRIALS A am* (1.638 1.706). Ajln*m*t* (2.248 2.365). Atom (2.658 2.706)
    1,398 words
  • Article
    SHARE INFORMATION SERVICE
    2430 10 <fe*s Vs Net Wesfc itn/itn Last Weak DK DK YH P/B Vel Week High LM CwfUjr Sale +erracnoi won Or (*666) Hlgk Lew S 1 INDUSTRIALS 164 132 Ac ma 163 4-2 12.ON 1.8 7.3 7.6 16 164 162 208 106 Alcorn 882 lft.O U 8.7 12.9
    2,430 words
  • Article
    CHICAGO BOARD OPTIONS
    1498 10 March 6 VOLUME on the Chicago Board Options Exchange came to 106,243 contracts on Monday compared with 119,150 contracts on Friday. OPTION A PL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank
    1,498 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      128 10 study with WUsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC GCE A Level MCE SCGCE O level London AER GCE A N O levels Modern Mathematics for Teachers Foulks Lvnch LONDON \s*s of
      128 words
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  • Article, Illustration
    Spotlight on Consplant
    623 11 SINGAPORE RUBBER share Consolidated Plaatatioas featured hullishly la a generally steady and moderately active Stock Exchange of Singapore yeotercounter began novaright from the opening and managed to hit a new high of 56.06 at the peak of trading for a solid gain of 22 cents. Volume in
    623 words
  • Article
    Kuala Lumpur ends steadier
    463 11 FAIR support amidst a generally selective market made for a quiet but steadier close at the Kuala Lumpur Stock Exchange yesterday. Trading was evenly spread throughout the day with margins generally narrow. However, speculative Interest was focused on a handful of the Industrial lower liners resulting
    463 words
  • COMPANY NEWS
    • Article
      Selangor Coconuts expects fall
      409 11 AFTER achieving a 21.2 per cent rise In pre-tax profit for the first half year ended Dec 31, 1977, Selangor Coconuts expects a lower second half profit as a result of the current drought which has badly affected Its oil palm crop production. In view of
      409 words
    • Article
      Gilani sells its land and buildings
      409 11 GILANI Jute and Textile Mills (M), the defunct Jute products manufacturer whose shares have been suspended from trading on the Kuala Lumpur Stock Exchange .since May 1975, has finally sold Its freehold land and factory buildings to M/s Kim Guan Choong of Butterworth for
      409 words
    • LATEST RESULTS
      • Article
        PACIFIC Development Credit
        47 11 Group net profit before interest charges $1.08 million (loss $857,344) for the year ended Sept 30,1977. After interest charges $1.54 million ($1.64 million) and nil extraordinary profit ($4.31 million), net attributable losses $463,087 (profit $1.81 million). Parent company net loss $514,252 (profit $2.26 million).
        47 words
    • Article
      DIVIDENDS ANNOUNCED
      264 11 Carnal Ex Data Books Cloae Date payable fetal far the year Tetalfcr ymt YeoffiapSeac M.BIBUM WiUdMM fnlMitii Beata Mala. 8.P. Textile Utd. Albtatat Cwnwt Robinaon K.L. Kepoac Berjaya Kiwit Hume (M) Berhad Goodwood Park Miac Court Hotel Malaysia Ulu Beaut LinCni Drr. Dualof frtttrt Sembewaaf Shipyard Alcoa Shangri-La
      264 words
    • Article, Illustration
      S'wang Shipyard raises dividend
      584 11  -  •y ARTHUR NG ALTHOUGH managins only to turn In a marginal rise In profits, Sembawang Shipyard has proposed to raise Its dividend for the year ended Dec 31, 1977. Pre-tax profit achieved came to $27.35 million, up some six per cent from the previous year's $25.76
      584 words
    • Article
      Pahang Cons
      30 11 PAHANG Consolidated bfi announced that Registered Office hat been changed to Blomfield House, 85, London Wall, London EC 2M 7AD, United Kingdom. Its cable addreaa/ta KUANTAN LONDON W&.
      30 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      206 11 How well do you know your Australian Birds? The Qantastic One stop to London'bird 4 services a week, every Monday, Tuesday, Thursday, Saturday at 9.45 pm mm yA "A M.. nimm. 4 i! a* 'f* r r v-i < r > r V. v /M fj«•/TV. w —ii »K Qantas
      206 words
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  • Article
    Drop in outlay slows Manila's growth
    215 12 THE PHILIPPINES' economic output slowed down slightly In real terms last year though there was a significant Improvement in the external payments accounts. Citibank said In Its Economic Letter that consumption expenditure and export Income expanded at a relatively faster rate of a combined
    215 words
  • Article
    Lock icon ROLL OUT THE BARRELS, PERTAMINA TOLD
    191 12 AFP INDONESIAN Mining Minister Mohammad Sadll has instructed the stateowned Pertamlna Oil Company to sell "as mftch crude oil and residues as possible during the next few months" in order to fulfil the target for state revenue. Mr. Sadll said Indonesia could do this
    AFP  -  191 words
  • Article, Illustration
    Lock icon Back to work order expected shortly
    722 12 NO GUARANTEE MINERS WILL OBEY Agencies. THE FORMAL process designed to end the 92-day U8 coal strike was underway yesterday and a Federal court order for miners to return to work Is expected before the weekend. There Is, however, no assurance that the miners
    Agencies.  -  722 words
  • Article
    Lock icon Kuwait calls for major oil price hike
    374 12 UPI Reuter KUWAITI Oil Minister, Sheikh All Khalifa AlSabah, called for a substantial increase in oil prices to compensate the country for losses linked with the US dollar's decline. He said Kuwait's dally losses In this category were much more than the mere
    UPI; Reuter  -  374 words
  • Article, Illustration
    Lock icon Unctad urges debt relief for poor
    455 12 Reuter INDUSTRIALISED states should convert all or part of their outstanding loans to some of the world's poorest countries into grants to ease their growing debt, the Secretary General of the United Nations Conference on Trade and Development (Unctad), Oamani Corea, said in Geneva.
    Reuter  -  455 words
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    Lock icon Weak $ clouds Gatt talks
    174 12 Weak clouds Gatt talks AP THE DECLINE In the value of the US dollar on world money markets Is "casting a cloud" over the world trade negotiations In Geneva, a US trade official said. Alonzo McDonald said the problems of the dollar are not having a direct Impact on the
    AP  -  174 words
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    Debenture holders win priority suit
    182 12 TWO BANKS have won their claims in the High Court against Haw Par Brothers International (HPBIL) on priority of rights to payments of sums owed to them by Overseas Textiles, now under receivership. They are Banque National de Paris and Moscow Narodny Bank, both debenture
    182 words
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    Keidanren sees key role for Pacific nations
    227 12 THE LEADER of Jtpu'i ■Ml powerful buiiHi •ritauaUta yesterday called for increased cooporatioa among Pacific nation* to hdp the world ——ay. Mr. Tookiwo Doko. president of the Federation of Economic Orgaaiaatioaa tioa aaoali pan-Pacific countries tochadfcag the US, Canada, Auatralia, South-oast and North
    227 words
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    Lock icon New Japanese measures to check surplus
    536 12 AFP Reuter JAPAN will work out a set of additional measures for curtailing Its balance of payments surplus before the planned Fukuda-Carter meeting early in May. government sources said. The decision, the sources said, was prompted by the fact that the nation's current account
    AFP; Reuter  -  536 words
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    Lock icon Budget approved
    128 12 Reuter THE JAPANEBE House of Representatives yesterday approved the government's budget with a total expenditure of 34,296 billion yen (*****.2 billion) for fiscal 1078 beginning on April I. The Upper House of Councillors will now deliberate on the budget, but the Lower House's approval will become Parliament's final
    Reuter  -  128 words
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    LONDON STOCKS
    718 12 LONDON, Tue. Price* closed narrowly mixed and trading was light reflecting contlnulne concern over UK economic prat-: pacta. At 3.00 pm the Financial Times Index waa down 1.3 at 441.5. Government bonds were quiet ahead of the UK Monthly Banka Statistics, due after the officio*. and closed up
    718 words
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      110 12 «.v. "VISHVA AMBAR" VOY: l&Ugfater irrlTed 3rd March, 1178. at P.B.A. Godown Noa. 40/41. General Survey of damaged cargo ex the above vessel will be held on Thursday 9th March, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Aflmts:R. JUMABHOY SONS
      110 words
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      81 12 SEE PAGE 2ft Meet the TOSHIBA 8D702A plain paper copier SeconoSKlc^t r .j. /4 &S5 FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT... HIRE PURCHASE OR RENTAL TERMS For further information, call Allan Tan FfIIIiTIMIH rc^ard ad Singapore 9. MM A Member of the tnchcepe Group Telephone
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    SHIPPING TIMES
    4792 13 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 thipping Une involved, and the estimated dates of arrival and departure from Singapore port. f Bea«Dwleh ha* a Jelat aer- wttt
    4,792 words
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      223 13 THE KST Mt FASTEST Wfl TO THI USA tS MAERSK UNE ?;iSK? SBS, I Q EVERGREEN LINE ARABIAN GULF LINER SERVICE eta store ever honesty v«». m mm 30 RED SEA. MEDITERRANEAN SEA SERVICE EVER SAFETY V#».IM«M MAR 14 LOADING FOR: DAMMAM KUWAIT EVER SAFETY Var.IMM MAR 14 AQABA, PORT
      223 words
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      394 13 SHARJAH SHIPPING CO. ITD (UNITEO ARAB EMIRATCS> Spore P Ketone SUtfWUH a/a Mm a/11 Mil SUtf PBOJPEBTY Jt/Zi Mir GULF SHIPPING LINE (UNITED ARAB EMIRATES) S port P Ketone SMIF MAJESTY t/l Apr S/11 Apr LaaPtaflar BM»*/im FT fIHLI SHIPPinG unc «i\_l (UNITED «RAB EMIRATES) S pore P Keton| Pentftf
      394 words
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      21 13 seaJlland mt/ naro mwmwi am NEXT MIDDLE BIST VESSEL WOULD pOM V I «T« FlOOt, MM IHMt MM, u, Mmdqwf •oouMftiaam
      21 words
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      679 14 rsm rJUmt (fW| n*ew* W iM M a/i 27/3 »/3 4/4 7/4 U/4 13/4 U/4 21/4 a/4 a/« rpM fjwhi fM vum 6mm trt«i M* in Pt 19/3 4/4 MmmMl 13/3 M/ 3 12/4 MMmIIA n/J 16/3 4/4 18/4 a/3 6/4 IB'4 27/3 a/3 1/4 7/? •Ail 3/4 M/ 4
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      807 14 £2 SANKYO LINE AUSTRALIA SERVICE THttHTM 12/13 Mar 11/11 Ite FRO, AOCL. 18. STO SEABLOOM 17/19 Mar 15/fMar BUS, STO KYOKIMMU 30/31 Mar 1/2 Apr FREM, JUKI MEL MAT SXT 39/31 Mar 1/2 V 9RIS, SYD KYOTEN MAtU 14/ IS Apr IC/17 Apr ADCL, MCL, STO BANGLADESH SERVICE A V£Ss€l
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      498 14 SEA tLAND U.S.A./ ASIA SERVICE •RV/REFRIGERATED CONTAINER SERVICE IM.HK EWRY WtONESOAY FOB POfTJ M USA. CANAOA. CARIBBEAN. MPAN. (OKA, TAIMM. HONG IOK. THAIIANO AM PNMPPWW VESSEL /VOYAGE Vessel RAPHAEL SEMMES V-935 mm 15/ic PONCE V-320 MM 22/23 RAPHAEL SEMMES V-936 mm a/29 PONCE V-321 APR 4/5 C F S Closes
      498 words
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      922 14 'BURMESE NATIONAL LINE" LOWING FOt RANGOON HI Ml T Mm* BF SSC A9po»s >n Mnloywi TfPS MALAYSIA Port K»l<mq T*l (381-7355 Penong TH *****/ ***** IIWCT li—Ul S. A. C.I. F. INE NATIONAL LINE" LOADING FOft DURBAN. CAPETOWN. BUENOS MVS PATAGONIA AMENTUM "MEXICAN NATIONAL LINE" FA* EAST/MEI ICO A CENTRAL
      922 words
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      688 14 *9 TTVUUWUSJi AT&AJVU O f V Y 1 /I Y H JARDINI AMAH Orient Overseas CoKtauieA, Line FULLY CONTAINERISED SERVICE TO EUROPE (VIM SUEZ) P. Mm| U\m itNam rwt S2SLT2? 1 1/3 11/1 9/1 1/4 1/4 S IJ /J 17/1 1/4 V 4 (/4 1/4 I i V 1/4 11/4
      688 words
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      777 15 QCL Overseas Containers Limited samcc fmn H/camwiTs Sailed QMHM HK. mm 11 mm a mm hk, re. u. iMMLtIIM HK. It Mr Vmm IK. M. 12 Hl> a lUr .1 Mw HK. KS. m mm 11 mm M mm H mm it Mar J Apr Apr hk. ks. PETtipraa 14
      777 words
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      1425 15 Ben Ocean Ajout service ofßen Line Blue FUnndClen Line and NSMO it M/cMmanr tm tmo PWTESIUM (11/ I Mar 11/11 Mar 11/11 Mar I Apr Bilbao, Aaistrrdsa. Haabarf. Mix. imipaai. MMIM 31/* Mm 11/11 mm I A;r L int, UuNM. ML Ft TIKI IS 1/ 4 Apr «/1« Apr V
      1,425 words
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      757 15 BEN LINE U>MXt tuM laPtrt il aw U Mar' lunm drifts t t#r iM" »a*» a* ■*> n M NIU UT II kf 11 1* IK« Iki 11 l« > m KUIM it Mr 11 Mr liin lliii M»( »Mi I m NxdM until a Mr um n*/ ntj »m<
      757 words
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      899 15 Scan Dutch V im :i »ji i CONTINENT/SCANDINAVIA Ml NUT EUANKA IV I HUMII uuua a a/1 mimm riAJKISCA TV 1 Ml MIMU lUUM 11/ TItUU Spara 1) Manilas a *4m 3) Ntar| Gtaf| tf/ I JV 1 a/ 1 1/ 1/4 n/S VI H/ 4 11/4 IV 4 iv«
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      Page 15 Advertisements Column 5
      657 15 GUTHRIE BOUSTEAD ZTxn-. in* LOOK LTD* lmm nt L ft i afrka mjnmm <m». Maw<t.«. »—m. im, tmm. ton, Data*. u, p.t., c«»«tw*o n*mi p. mi** nm mm rm tva aa FM un I wmi VIKI W» IWIW. Ml rMTWH STAI Priam P Wni 1/ Apr S port 1/11 tm
      657 words
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      711 16 "K" LINE (Mill Mar m 11 kbr CMTAIKR M 31 Mar eiiEF nr Apr KASIA LTD. ICt nOMKCWSKZ) Sport P. War* LHawt HTwi ttom far 11 Mar 31 Mar 1 Apr 2 Apr Jlp IMs 17 Mar S Apr (Apr 7 Apr I Api 1 Mar 1 Apr 29 Apr
      711 words
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      1141 16 E.C.-R.SJUATIARTIC/BDLF SERVICE ueavm riacl tmumm nw tnm. r. nuft lmMi Mr nmpou. m* ranu S «PJ« P. Uw NW u. mainta purest* O'sc* e*y) u/m mm "VISNVA SIMM" (*is-k Hhr) a/24 tor "VISMA VIKRAM" |MU H SCI) 7, B Apr I A;r 1/ 4 Apr 1 E. C./GREAT LAKES SERVICE
      1,141 words
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      1005 16 in 1 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: ftu swar netone peanl mercator mam container ORIENTAL CHIEF una seis wise ORIENTAL RESUACNEI CHEVALIER PAIL in. rum. sm ct*u*i in •to 11 to II to 17 to 30 to 11 to I Apr II Apr IS Iff 10 tor 71
      1,005 words
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      826 16 »»*i-4YsiAN mrtmmnoMM. SM**NG co*po*a now umuo ra_- n *****4 EXPRESS FULLY CONTAINERISED SERVICE TC/FROM MED/CONTINENT/SCANDINAVIA FMter f. Vttwl ciuaaai Ml. MITT ilumu a i mwu tutmu n/i aiaaa FIAaCISCA a/ 1 Ml. BCJIMA [UUMI Ift/ 4 TITAMA S »or* 1) Mwilkt 2) Na Mfcwg 4) Cborg U/ S m 1
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      656 16 Line STRAITS/AUSTRALIA SERVICE Singapore P Kelan| Laadiag tar 1 PMMIE 31 My 71 Mar Bnskane/Syftwr/ x Melbourne/Adelaide, at* Siappert MTMSEA {PTE} LTI.-23M11 MMIM BHB. lUi Laapv IU MIPPIM ft TIAIIHC 2MNL Mm ALPAC LINE SOUTH AFRICA SERVICE S pore P. Kelang Penang laafaf tar If FT V. 24 la Part
      656 words