The Business Times, 25 March 1978
1978-03-25
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The Business Times
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Title Section11 1978-03-25 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, MARCH 25, 1978 so CENTS11 words
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BRIEFLY...
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Article50 1978-03-25 1 Reuter S wrecked tanker Amoco-Cadlz broke Into two early today off northern Brittany and the last 50,000 tonnes of oil In Its flanks began spilling Into the sea. The vessel broke at the rear Just under Its superstructure after a formidable lashing by high waves. Reuter. JReuter - 50 words
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Article63 1978-03-25 1 Reuter MOSCOW, Fri. The Soviet Union today questioned President Carter's sincerity In calling ?r the world arms trade and alleged the United States was selling more weapons abroad than ever before. During the current fiscal year, the US is plannng to sell US$l3.2 billion (5530.4 billion) worth ofReuter - 63 words
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Article63 1978-03-25 1 AP JERUSALEM, Fri. Israeli Defence Minister, tiZer Weizman, today proposed broadening the ruling coalition to include the opposition Labour tovprni^ini^M? l e alled a national peace government to stand up to the United States mn J e are now on the eve of fateful decisionmaking that will determineAP - 63 words
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Article66 1978-03-25 1 Reuter TOKYO, Fri. Sir Charles Court, Premier of Western Australia, will visit Japan on March 27 to discuss iron ore policy with Japanese government and industry leaders, the Australian embassy announced. Sir Charles intends to present Western Australia's position as Japan's biggest Iron ore supplier. There haveReuter - 66 words
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Article59 1978-03-25 1 Reuter TOKYO, Fri. The government's Fair Trade Commission said 15 Japanese synthetic textile manufacturers applied for approval of a plan to form an anti-recession cartel. The plan calls for a cartel under which they will curb production of polyester, nylon and acrylic fibres to 20 to 30 perReuter - 59 words
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Article60 1978-03-25 1 UPI TOKYO, Fri. Cabinet ministers in charge of economic affairs will discuss effective measures Japan's swollen foreign exchange holdings today as the yen continues to rise against the US dollar. vf the discussions, to be presided by Klichi Miyazawa, director-general of the a E? lng Agenc y- wouldUPI - 60 words
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Article62 1978-03-25 1 Reuter KUALA LUMPUR, Fri. An international conference on cocoa and coconut production and marketing will be held here on June 21, it was announced today. A statement by the Malaysian Agricultural Research and Development Institute and the Incorporated Society of Planters, the cosponsors, said about 500 planters, agriculturalReuter - 62 words
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Article77 1978-03-25 1 Reuter KUALA LUMPUR, Fri. Malaysia and Australia will sign a new sugar agreement in which the price escalation clause for the supply of Austra%X£VZX3ls*!tV«- eputy Prlme Minister Batuk Mahathir Mohamed said. Datuk Mahathir, who is also Trade and Industry Minister, told Parliament yesterday that the agreement reached lastReuter - 77 words
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Article41 1978-03-25 1 KUALA LUMPUR, Fri. Pernas Charter Management Berhad has been appointed general manager of 12 major Malaysian mining companies in the Malaysian Mining Corp. agreements were signed today by corporachalrma!} Junus Sudin and Tuan Hail Pernas Datuk Mahmood, chairman of41 words
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Article76 1978-03-25 1 UPI TOKYO, Fri. China plans to enlarge sharply the capacity of an existing steel mill in Peking to m *rj e an double output in the next seven years Nippon Kokan's heavy industry engineering division chief, Shunpei Kushimura said China has told a group of NKK engineers ItUPI - 76 words
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Article53 1978-03-25 1 Reuter assffifcrxVem T rij,r^r B r r tf« Ecevit death Prl sen f a P lea on behalf of Mr. Bhutto, convicted in a Lahore court last week for his nomiMi Part ln pl ottln 6 the assassination of a political opponent, to the country's mllltarv ruler, GeneralReuter - 53 words
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Article82 1978-03-25 1 S!3L Kua k Lumpur Stock Exchange ended on a liiht -mST" lack of interest and light selling in the face of the closure of the Singapore market for Good Friday. The Malaysian Business Times index fell 4 point, t. 978.65 while the New Str.it. Ttai, i* dus82 words
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Article109 1978-03-25 1 Rises Most active Kramat Rahman HY Benta Kg. Lanjut Oriental 6.30 3.74 2 95 1.99 4 04 .65 .14 +.15 +.11 .06 +.05 +.04 High Low Olympla KL Kepong S. Darby 230.000 127,000 124,000 123,000 Consol Pit. 5.70 2.22 Total Turnover: 2.40 m Perils Total Value: MS5.05109 words
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Article991 1978-03-25 1 COLIN CHEE - LOCAL ELATION MAY TURN SOUR By COLIN CHEE OPPOSITION to the Hongkong government's proposal to levy a 17 per cent tax on offshore income Is mounting and Singapore bankers and authorities may not see the benefits they have been waiting for. The Hongkong authorities may991 words
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Article206 1978-03-25 1 THE US dollar plunged to another post-war low in heavy trading in Tokyo yesterday. The dollar closed out the week at 228.20 yen, down sharply from the previous post-war low of 230.00 recorded last week. The rate represented a drop of 11.80 yen since the206 words
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962 1978-03-25 1 TAX considerations are not particularly important in the location of a bank's j; syndicating base. "They are an advantage no doubt but certainly not the deciding factor as to where to locate a syndlcating operation," according to Mr. Thomas Thibault, general manager of Wells Fargo's962 words
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334 1978-03-25 1 Reuter JAPAN And the European Common Market yesterday wound up more than a week of tough trade negotiations j in Tokyo with a joint communique in which Japan forecast a reduction u» its huge balance of payments surplus, and promised to do its bestReuter - 334 words
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540 1978-03-25 1 PETER CHIA - •y PETER CHIA DEVELOPMENT work on the Indonesian Island of Batam, 20km south of Singapore, is gradually picking up again and the Republic is benefiting from the renewed activity. Many of the projects require either skilled workers or supplies from here. Foreign companies540 words
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Article45 1978-03-25 1 AFP THE WORLD Bank Is prepared to help Vietnam's oil search programme, said Stanley Please the bank's representative at a United Nations meeting on Vietnamese reconstruction. The bank, he said, agrees with the priorities set for the second Vietnamese fiveyear plan. AFPAFP - 45 words
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Page 1 Advertisements
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Advertisement20 1978-03-25 1 U 5-high 2Va" wide lOoz. wt. works 24 hours day and never grumbles Soto Agmt: DON RMT,-W*****8/53t163 SEE THIS PAGE20 words
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Advertisement143 1978-03-25 1 LATEST ISSUE The latest Issue of the ASEAN Business quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of aot*v^ c motivation among 80% of the ASEAN population. The latter explores the British, American,143 words
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Advertisement72 1978-03-25 1 SISIR-French cooperation on S PORE Open Golf: My* Aye PEOPLE hi buiisMi 2 MISC in a tight spot 5 ROOM for more in Hongkong UNDERSTANDING the role of technology FORUM with Hock Lock Slew BOOMY days ahead for hotel* CONSPLANT hide for Gedong share* FOLEX Industrie*: Light at end of72 words
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Advertisement293 1978-03-25 1 I:\vrett Lines *IHL A A T COAT SOUTH CIHTRAL AMERICA Everett Steamship Corpn. S/A rS! ■isr--= -I Ixt'Z 3 f i V vs j THE GREAT BOOKS OF WESTERN CIVILIZATION These arc the books chat had to burn For within the GREAT BOOKS are volumes that hold the ideas and293 words
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TRADE AND INDUSTRY
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Article495 1978-03-25 2 RONNIE LIM - FRENCH EXPERT VISITS SISIR By RONNIE LIM THE FRENCH government has sent an expert from its Association Francalse De Normalisation (equivalent of Singapore's Slslr) to examine standards and Industrial research in the Republic. The study is aimed at reducing technical and technological trade barriers and to promote495 words
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Article117 1978-03-25 2 AFP A BELGIAN light Industry mission will conduct an export promotion tour of Japan in mid-April. According to the Japan External Trade Organisation (Jetro), the mission to be led by Mr Jean-Pierre Ramplebergh, deputy genera! manager of the Societe General® de Banque's international division, willAFP - 117 words
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Article386 1978-03-25 2 UPI JAPANESE car makers can avoid ill-will in the United States if they follow the example of Germany's Volkswagen and build cars in America, Pennysylvania Governor Milton Shapp said yesterday in Tokyo. "Nobody wants to have protectionism but everybody wants to have a Job. PeopleUPI - 386 words
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339 1978-03-25 2 MALAYSIA'S Federal Industrial Development Authority will step up Its investment drive this year. It will organise four investment promotion missions and open three more offices abroad. Its chairman, Datuk Jamil Jan disclosed this on Thursday after briefing the visiting Sri Lanka Deputy Foreign Minister,339 words
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Article, Illustration299 1978-03-25 2 MOBIL Oil Singapore has announced the appointment of Mr. Peter Wilkinson as public affairs manager from March 1. Mr. Wilkinson Joined Mobil Oil New Zealand In 1961. He has held senior positions in public relations, advertising and sales promotion in the company and was public affairs manager299 words
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Article332 1978-03-25 2 Reuter A CAMPAIGN mounted by Hongkong police to end the sale of copyright-infring-ing tape cassettes has been staggeringly successful. After three weeks of the campaign. International recording companies are reporting Increased sales of their products as the quantity of illegal tapes dwindled. David Young,Reuter - 332 words
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136 1978-03-25 2 TO PROMOTE modern management techniques of quality control, the Singapore Quality Reliability Association (SQRA) is organising a seminar on March 28 at the Shangri-La Hotel. The MP for Potong Paslr and chairman of SQRA, Mr, Ivan Baptist will open the two-day seminar on management of136 words
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Article644 1978-03-25 2 SINGAPORE OPEN GOLF k -4 BURMESE world cupper Mya Aye took the lead at the end of the half-way mark In the Singapore Open Oolf championships yesterday with a two round score of 135. TWo strokes behind the Burmese were Ben Arda of the644 words
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Article169 1978-03-25 2 DATE TITLE LOCATION < COURSES AND TALKS ORGANISER Mar 27-29 Prestressed Concrete Design Seaview Compa International Mar 27-28 Costing and Financial Analysis for Marketing Managers Hilton Price Waterhouse Mar 28-30 Problem solving and prevention SIM Conference Room SIM Mar 30April 1 Factory work simplification SIM Conference Room SIM169 words
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Page 2 Advertisements
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Advertisement233 1978-03-25 2 SEE PAGE 8? ft m a w m V V m my i i i»»s ■1 iii.f ft W t»1 1/12 '.w i a M© sas ®(3 9 p^ c® -*"V >.»>'* M V A well-read person is a well informed person. That's why he can always talk about any233 words
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Page 2 Miscellaneous
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Miscellaneous594 1978-03-25 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Redskin! (6) 7 Falls for a girl (8) 8 Water kale freely (4) 10 The question of Easter arrangements (0) 11 Historic shipping group (8) 14 Blue canopy (3) 18 Singer with some rotten orchestra (5) 17 Wrote a sound list (4) 19 A594 words
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OVERSEAS
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1073 1978-03-25 3 NO EASING of monetary policy is likely soon and some tightening may be needed to fight inflation, US Federal Reserve chairman William Miller Indicated. Paradoxically, tightening by the Fed may prevent interest rates from rising sharply, Mr. Miller said. But he said1,073 words
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Article710 1978-03-25 3 Reuters NYT A BILL to cut US taxes by USS36 billion (5582.8 billion) in 1979 was introduced by Republican Senators Jacob Javits (New York) and John Danforth (Missouri). The bill is intended as a substitute for President Carter's $25 billion tax cut proposal. TheReuters; NYT - 710 words
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WORLD IN BRIEF
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Article568 1978-03-25 3 Agencies GERMANY'S foreign trade surplus rose to 2.60 billion marks (552.9 billion) In February from 1.90 billion in January, the Federal Statistics Office said. Also, Germany had a current account surplus of 500 million marks in February against a deficit of 400 million in January. US SenatorAgencies - 568 words
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263 1978-03-25 3 AP RUMANIA'S communist leaders have decided that consumers must be given a better deal, that state-run firms must pay their own way and superior workers will participate In profitsharing. The official news agency, Agerpres, said a plenary session of the Communist Party central committee decidedAP - 263 words
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375 1978-03-25 3 AN AGREEMENT on steel trade concluded last Saturday between Japan and the European Economic Community is in jeopardy following opposition to the terms of the accord by the committee of the nine member states' permanent representatives, sources close to the European Council of Ministers said375 words
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797 1978-03-25 3 THE White House said that despite the continuing coal strike, power companies have sufficient supplies to generate electricity. Spokesman Jody Powell said Energy Department figures show that utilities nationwide this week were getting new coal supplies representing 77 per cent of their normal797 words
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Page 3 Advertisements
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Advertisement917 1978-03-25 3 NATIONAL DISCOUNT COMPANY LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET as at 31st DECEMBER, 1977 1977 1976 SHARE CAPITAL Authorised, issued and fully paid 5,(XX),000 shares of $1 each 5,000,000 5,000,000 REVENUE RESERVES General reserve (Note 1) 1,750,000 1,430,000 Profit unappropriated 79,451 74,792 Total Capital and Reserves 6,829,451917 words
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RAW MATERIALS
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Article212 1978-03-25 4 RUBBER futures closed steadier in London on Thursday mostly 1.10 to 0.50 pence per kilo up from Wednesday night. Volume totalled 492 lots of 15 tonnes including seven kerb trades and 13 options, seven of which were traded during the morning. Dealers said fluctua-tlon of sterling during212 words
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Article324 1978-03-25 4 ROBUSTA futures closed slightly easier In London on Thursday, having traded within a narrow £25 band for most of the day. Losses at the close ranged from €50, basis spot Mrch C 1,444, to £33 per tonne compared wfth Wednesday night. The market had opened £41 to £38 lower.324 words
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Article291 1978-03-25 4 SUGAR futures closed £4.35 to £3.50 per tonne higher and turnover totalled 4,031 lots including 63 options in London on Thursday. Prices continued the morning's advance after the lunch break on weaker sterling against the dollar and a higher New York market, dealers said. In the morning, the market291 words
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Article173 1978-03-25 4 WORLD production of primary aluminium on a dally basis reached its highest ever in February at 31,300 tonnes. The International Primary Aluminium Institute in London revealed this in its latest survey. But, owing to the smaller number of working days, the monthly output of 876,000 tonnes was the173 words
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Article303 1978-03-25 4 THE Singapore and Hongkong gold markets were closed yesterday (Good Friday) for the Easter holiday. In LONDON, the metal closed around 50 cents weaker on Thursday at U*****.50/180.00 an ounce, down from Wednesday's finish of $180.00/75, dealers said. It fell back from highs of around $182 to an afternoon303 words
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Article131 1978-03-25 4 WHEAT futures rallied late to close unchanged to 1 1/2 US cents a bushel higher on Thursday In Chicago. Only the deferred May contract ended with a loss, finishing half a cent down. Traders said the recovery partially stemmed from a number of pending export tenders, firmer cash values131 words
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Article91 1978-03-25 4 THE Malaysian government said it has raised the total export duty on rubber to 36 Malaysian cents per kilo from 35 s 4 cents, effective immediately. The Ce»» for research and replanting of rubber totals cents per pound. Export duty on copra also rose to M 593.42 per91 words
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Article100 1978-03-25 4 BANGKOK rices prices yesterday were quoted unchanged from the previous day. (Prices In US dollars per tonne f.0.b.. basis Bangkok): White Rice: 100 pet Ist class 437.100 pet 2nd class 422. 100 pet 3rd class 417, 5 pet 408. 10 pet 395. 15 pet 387. 20 pet 382. 25100 words
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Article74 1978-03-25 4 THE STRAITS tin price in Penang yesterday dropped Ms 4 to $1,515 per picul, on an official offering down 27 tonnes to 180 tonnes. Despite higher London prices, the market eased slightly on lack of consumer support and trading was quiet In view of the Easter holiday, dealers74 words
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Article198 1978-03-25 4 COMEX silver futures sported gains averaging 3.50 cents at the close In New York on Thursday on evenlng-up ahead of the long Easter weekend. A floor broker said the pre-weekend activity "took place In an empty market" as dealings dried up in the closing minutes. Earlier, the market worked198 words
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Article289 1978-03-25 4 COCOA futures closed £126 to £90 per tonne higher and turnover totalled 4,983 lots Including 39 options and 1,453 crosses In London on Thursday The market continued the morning's advance on easier sterling and good mixed buying and shortcovering ahead of the long Easter holiday break dealers said. Sentiment289 words
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Article227 1978-03-25 4 NEW YORK. Comex copper steadied towards the close on scattered speculative short covering and trade arbitrage buying to finish 0.40 US cent higher In the May contract on Thursday, floor traders said. News that Anaconda and striking brass workers are scheduled to resume talks on Tuesday was a constructive227 words
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Article187 1978-03-25 4 SOYBEAN futures recovered from early losses in Chicago on Thursday to add one to six US cents a bushel. A late flurry of local short-covering and buying by a prominent professional house spurred the rally, traders said. They noted that selling of cash soybeans continued light as farmers appeared187 words
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732 1978-03-25 4 Reuter THE NEW Orleans Cotton and Commodity Exchange (NOCCE) has filed a proposed soybean futures contract with the Commodity Futures Trading Commission (CFTC), exchange president Robert Wright announced. The contract calls for delivery of 3,300 bushels of US Number Two yellow soybeans atReuter - 732 words
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260 1978-03-25 4 INDIA plans to raise Its "major" oilseed production to between 11.2 and 11.5 million tonnes In 1982/83 from an expected 9.2 million tonnes In 1977/78 under its sixth Five Year Plan. The plan, spanning April 1978 to March 1983 and released this week, further projects260 words
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801 1978-03-25 4 FT EXTENSIVE and costly exploration undertaken In the last 20 years has shown that Greece has vast reserves of bauxite and lignite and marketable deposits of the nlckellferous ores, maganese, magneslte, chromlte, asbestos, perllte, bentonlte. lead, zinc, copper, sulphur, emery, kaolin, marbie and gypsum. TheFT - 801 words
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Article314 1978-03-25 4 Reuter CONSUMER demand for dealer copper was virtually non-existent on Thursday as the trade's selling prices once again equalled producer quotes, New York traders said. The temporary decline In dealer selling prices earlier this week only attracted a light pick-up in business, mostly of aReuter - 314 words
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Article108 1978-03-25 4 Reuter US Senate Stockpiles Subcommittee chairman Gary Hart has put forward before the sub-committee a Bill which would authorise the administration to dispose of only 37.50 million troy ounces of silver from the national stockpile. The administration has sought authority to sell 62.50 million ouncesReuter - 108 words
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MONEY AND EXCHANGES
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Article285 1978-03-25 4 STERLING fell sharply on exchange markets on Thursday, touching a quoted low here of U551.8690 or almost three cents down on the day. It rallied mildly In the last hour of trading to close at $1.8730 midpoint, but the Bank of England's Index of the pound against major currencies285 words
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Article68 1978-03-25 4 THE AVERAGE prime rate of banks in Singapore stand* around 7 per cent, with the range running between 6»« per cent and 7'/« per cent. Oversea-Chinese Banking Corporation is at the lower end of the range while a number of banks, including Citibank, are grouped at the68 words
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Article143 1978-03-25 4 Euro rate TRADING Interest In London Eurodollar deposits was small on Thursday with much of the transactions devoted to book-squaring ahead of Easter and endmonth cover. Short dates were active where bulk of business was done at 7 per cent, they said. A common level of 7-1/18. 6-15/16 was quoted143 words
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Article61 1978-03-25 4 ZURICH exchanges closing quotes on March 23: U8 1 8970-9020 Btc 3.M72-SMO Csn 1 8880 9930 D Mk 93.0233-3388 On 88 8175-87 ISM Err 40 8852-8798 Ft 5.9824-993$ D Kr 33 8881-9734 N jCr 36.3982-5345 8 Kr 41 2999-4288 Lit 0.0.2224-2230 Au» Kh 12 9078-9548 Port 4 8455-992 161 words
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Article40 1978-03-25 4 FRANKFURT exchanges closing quotes on March 23: U8 2 0360/0410 can 1.6110/20 St* 3 850/854 O Fl 93.34/47 8 FT 107.10/30 Ut 2.382/390 FFr43 76/96 Yen 0 8840/70 B Ft (con) 6.413/423 B Fr (Fin) 6.41/42 N Kr 38.00/1540 words
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Article231 1978-03-25 4 THE pound came under some selling pressure on Thursday to close weaker against the dollar in very quiet trading ahead of the Easter holiday. Dealers said they detected heavy selling of sterling in Europe, primarily from Switzerland and West Germany, which caused the currency to decline about US$l231 words
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Article214 1978-03-25 4 THE BANK of Japan yesterday bought an estimated US$2OO million to support the dollar, which closed at a record post-war low 228.20 yen. The closing rate for overnight delivery compared with a 229.20 opening and 230.00 at Thursday's close, dealers said. Trading was active with volume $477 million. After214 words
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179 1978-03-25 4 OUTSTANDING comlnerclal and industrial loans In the United States rose US$B5l million to $127.99 billion in the week ended March IS, the Federal Reserve Board reported. That was $11.07 billion higher than the comparable week a year earlier. Loan sales amounted to $2.97 billion, up179 words
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Page 4 Advertisements
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Advertisement122 1978-03-25 4 For a Successful BANKING Career iff LIT PTA lifltßA MA 1 1 SCR I NEI study with Wfolsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the122 words
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TRANSPORT
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1045 1978-03-25 5 TERESA LIM - By TERESA LIM MALAYSIA International Shipping Corporation is facing its most important challenge over five liquefied natural gas carriers that it had ordered. The Malaysian national line ordered these carriers at a cost of Mil.B billion from French shipyards to carry gas1,045 words
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Article114 1978-03-25 5 Reuter A GERMAN trade union leader wants flag-of-con-venience ships barred from European ports. Mr. Eugen Loderer, chairman of IG Metall. West Germany's metalworkers union, disclosed this in a statement concerning the tanker catastrophe off the Britanny coast. A national conference on safeguarding the sea should beReuter - 114 words
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Article33 1978-03-25 5 Reuter A FOUR-DAY work-to-rule by 160 of the 200 air controllers at Brussels' Zaventem airport which began yesterday Is likely to cause delays and cancellations over Easter weekend, officials said. Reuter.Reuter - 33 words
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394 1978-03-25 5 AFP AP CONDITIONS were quiet la the tanker market this week ahead of the long Easter weekend, apart from a late flurry of enquiry from French and German operators In the Meditterranean. Some owners were keen to fix vessels before the holidays and thisAFP; AP - 394 words
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Article587 1978-03-25 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Georgl Chlckerin (0600) 10/11 Golden Eagle (0600 after Nlaga XII) 23/24 Singapura (0800) LCT Mandalay (0800 after Tutong) 22 Ocean Supply (B Barge) (0700 48 Sangerhausen (after Ibn Alhaitam Group I on board) 47 Tamy (9VIX) (0600 after Royal Ruby) 15/16 Vlshva587 words
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87 1978-03-25 5 NEGOTIATIONS between India and Bangladesh for delineating their maritime boundaries ended in New Delhi yesterday without an agreement after three days of talks. The two teams maintained complete secrecy on the progress of the negotiations and would only say that the talks, held after an87 words
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Article, Illustration128 1978-03-25 5 SMALL vessels from West Asia can be shipped out to Singapore yards for repairs on a regular basis by using the frequent services operated by the United Arab Shipping Company (UASC) between here and Arab countries. Picture shows a 38-ton tug, Sivand, being lifted onto128 words
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158 1978-03-25 5 THREE marketing executives from shipping agencies representing Nedlloyd Lines in Australia will arrive here today for a brief familiarisation visit. The visit is part of their three-week tour of Anro's South-east Asian ports of call to promote a better understanding of the shipping market in158 words
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Article130 1978-03-25 5 Reuter MEMBER lines of the Australian and New Zealand/Eastern Shipping conference say they will raise with immediate effect, the New Zealand bunker surcharge to US$lO.9O (SS2S) per revenue ton from the $10.45 which has ruled since Feb 23 1977. There are 10 members of the conference,Reuter - 130 words
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91 1978-03-25 5 Reuter JAPANESE airlines may eventually need to buy as many as 30 British BAC-111 aircraft. Chairman of the BristolWeybrldge division of the British Aerospace Aircraft Group, Mr. Ferguson Smith said in Tokyo that the British plane has the edge over its competitors because itReuter - 91 words
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Article226 1978-03-25 5 M.V. FROTAKOBE will make her maiden voyage back to Brazil next Tuesday with a cargo of rubber from Singapore and steel and manufactured products from Japan. Owned by Frota Oceanica Brasileira S.A. (Frotaline), she will be Joining three sister ships Frotasantos, Frotarlo and Frota belra226 words
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Article696 1978-03-25 5 ARRIVALS Sorvico Local Operator Number Time From CAL CI 333 0040 TPE/HKG/KUL TMA TL302B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP OIA GA980 1030696 words
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Page 5 Advertisements
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Advertisement235 1978-03-25 5 MC(P)BMV7B N0.2 NO 3 MARCH 1978 PRCE $300 "OWTMIY f* T«o Vaar < ssrcr Singapore Trad# A Industry Subscribe now and get 12 issues of Singapore Business and 1 copy of the Yearbook (worth $6/-) plus a free beautiful slip case at the following rate. surface-man postage free: SMS42/- for235 words
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Article449 1978-03-25 6 THE US economy has come through a bout of extremely unpleasant weather and the coal strike remarkably well. Unemployment has fallen and the future looks even brighter. These can mean nothing but good for Singapore which depends so heavily on the health of the449 words
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Article227 1978-03-25 6 THE LATEST French attempt to regulate standards of products traded between herself and the Republic should be a two-way process. AFNOR, the French standards body, must be convinced of Slslr's capability to test made-ln-Singapore products for export to France and vice-versa. From initial indications made227 words
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Article, Illustration1592 1978-03-25 6 ALAN CHALKLEY - Br ALAN CHALKLEY IN ANY terrace of shops and offices in Hongkong, from the lordly high-rises of the central business district to the grimy factories and workshops of the outlying urban area, one of the street doors Is bound to be1,592 words
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Page 6 Advertisements
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Advertisement20 1978-03-25 6 I IV 41 m/OS' o\ X rr r MMft' w js i ***< \iZ-z kdrl -.#5..,—4 sm m*m „V--'tr-% ~*!f£l NK20 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-03-25 6 WEATHER? WEATHER outlook for Singapore from 6 a. m. to noon today: Mainly fair Report for 24 hours prior to 7.30 pm on March 24 at the airport. Maximum Temperature 33.0° C Associated Humidity 58 Minimum Temperature 24.0° C Associated Humidity Hours of Sunshine 8.85 Rainfall in Millimetres Trace Total62 words
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Miscellaneous246 1978-03-25 6 SINGAPORE 5 1.00 PM Opening announcements and Sesame Street 2.05 Saturday Matinee 3.30 Police Surgeon Life 3.55 Soccer Singapore VS Pahang (repeat) 0 4.55 Sandiwara Kasanova 0 5.40 Little House on the Prairie Blizzard 6.30 News in Brief 6.35 The Great Composers Outline History of Europe News in Malay Donny246 words
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Article, Illustration1234 1978-03-25 7 WE LIVE in an age when people take their technology for granted until something goes wrong. Viewers snap on their television sets and think nothing of the image that appears until the picture tube blows. Housewives run their dishwashers for1,234 words
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Article, Illustration617 1978-03-25 7 THE Singapore authorities may soon have more to worry about than mere long hair, which after all is easily definable. For the "unshaven look" seems now In vogue In America. The trendies are calling it the "Macho Macho" or the "Early Italian" Look. One enthusiast explains,617 words
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1709 1978-03-25 7 ■FORUM r ...on investment By HOCK LOCK SIEW SINGAPORE is an International city In many ways. Our ethnic roots range from China in the north to India in the west and Indonesia In the south. We have Russians, Americans, Japanese and Australians visiting and investingBy HOCK LOCK SIEW - 1,709 words
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Page 7 Advertisements
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Advertisement147 1978-03-25 7 »I" 1 lIP flies 5 times a week to DUBAI MONDAYS, WEDNESDAYS and FRIDAYS from Singapore. TUESDAYS and SATURDAYS from Bangkok. a ■■r A V a Nt rt > < A *>0 KLM friendly, helpful, efficient, reliable. The sort of airline you'd expect from a wonderful country like Holland. KLM147 words
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Page 7 Miscellaneous
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Miscellaneous45 1978-03-25 7 BriStoW: PWkltickenS Scene Ttr»e bo»iw room of *Ke tnoroMhic. r S?& kgfe la m S*d -*V*. Stoker is Sfrf WIPPCj6.! its fbURthC UiltvA KFMK OUTSIDE OeRCORTS RND JBCK6TS TO T^C Right* M i i£W£Tv*e rrs the, onln Timt i ocr see. VVurnßftEUflS TO Tue LE-FT,45 words
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INTERNATIONAL STOCK MARKETS
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Article448 1978-03-25 8 EUROPEAN bourses generally closed easier on Thursday. The Paris market was above early lows In quiet trading ahead of the Easter weekend, with profit-taking continuing to be the dominant factor. Potential buyers are reluctant to commit themselves before the new government Is announced, but the franc's firmness and448 words
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Article91 1978-03-25 8 MAR 23 Frs FORWARD MARKET Acec 213 +5 Rrbed 2180 -20 Astur 548 10 Brascan 465 +23 Bru-Lamb 1420 -4 Canpac 487 -2 Cock 347 -3 De Be?rs 166 -1 Ebes 2350 +5 Electrobel 6100 +50 Gb-Inno-Bm 1880 15 Gev 1264 20 Hobok 2180 -10 Petro 3820 -30 Ryl91 words
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Article58 1978-03-25 8 FINANCIAL TIMES INDUSTRIALS Wednesday 98 to 98 '/i H.K. HANG SENG Thursday 460.5 Wednesday 462.6 Week Ago 458.3 DOW JONES AVERAGE INDUSTRIALS Thursday 756.50 SYDNEY INDUSTRIALS Friday closed Thursday 393.40 Wednesday 757 54 Week Ago 395.48 Week Ago 762.82 LONDON DOLLAR PREMIUM Thursday 98 Vi to 99 ALL58 words
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Article164 1978-03-25 8 GROUP TURNOVER of the Swiss-based chemical con- cern, Sandoz was up by 16 per cent last year to 4.77 billion Swiss francs, according to the Basle parent company, Sandoz AG. This sales figure included for the first time turnover of the US seedsman company Northrup King. Exclusion164 words
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Article201 1978-03-25 8 MAR S Ct Ahuibi 12* unch Alcan 27% unch Algonm 18 Hank Mont 18% Bank Nova S<-otln 19* -H Bell Tel M Beth Corp BP can Ltd 14'. unch Brascan 16% Camp Red Lake :w Can Imp Bk 2t>' Canpac 17'4 Canpac Inv Pf 16B unch Carting O'Keefe 3*4201 words
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Article299 1978-03-25 8 MAR 23 Rand INDUSTRIALS A Alpha 95 unch Abercom 150 unch AE And CI 215 -5 AMIC 800 unch Barlows 330 unch Cg Sugar 580 -10 CNA 115B ♦5 Currle Finance 62B De Beers Ind 830 unch Edcon 165 unci) Edgars 2000 unch Eveready 160 Fed Volk 135 -2299 words
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Article1146 1978-03-25 8 NEW YORK STOCKS finished mixed on Thursday In a generally un-' eventful session, paying only scant attention to a hefty Jump In mid-March auto sales reported by the United States' largest manufacturers. Analysts said investors were reluctant to make any commitments ahead of the extended Easter holiday1,146 words
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Article209 1978-03-25 8 MAR a FTs ABN 346 00 +0 5 Ahold 100 00 -0.5 Akzo 22 00 -0.2 AMEV 79 90 -0.4 Am fas 106 00 -1 Amrot Bunk 72 20xd -2.3 Bergoss 57 50 -3 Berk 99 00 unch Bols 69 70 +0.2 BorsumlJ 139 80 1.3 Burhmann 65.20 -0209 words
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Article97 1978-03-25 8 MAR 23 Lire Anlc 104 -11 Assoc Oen ***** -300 Bastogl 426 -30 Centrale 3568 -2 Flat 1970 -30 Flnslder 77.25 -0 75 Qenlmmob 77 -1 I FT Prl 2186 -3 Ilalcementi ***** -80 Iualgaj 640 -4 Italslder 126 50 -6 5 Magnett M Pf 390 -4 MarelllErc 17697 words
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Article271 1978-03-25 8 MAR 23 Frs CORBEILLE Alr-Uqulde 270.10 -1 BSN Gervals Danone 420 15 CSF(ThomsonCsf) 187.10 +2.1 Cle Francalse des Petroles 115 -0.3 Compagnie Financlere Compagnie Generate 329 80 -12 Credit Fonder De France 323 unch Hachette (Libralrle) 172 unch Machines Bull 32 50 unch Michclin (B) 1280 +9 Paribus 179.50271 words
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Article262 1978-03-25 8 THE stock market closed mixed yesterday with losses In the majority. the Book Club index dropped 0.48 point to 174.71 for a turnover of 85 million baht. Dealers said the loaers were Bank of Ayudhaya which dropped four baht to 292. Bats Shoe 10 baht to 790. Carpet International262 words
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975 1978-03-25 8 NYT SPECULATORS with a flair for figures and an understanding of risk have tapped a rich vein digging around in the unlikely mine of defaulted bonds in Wall Street. Compared with the astronomical US$l.3 trillion in notes and bonds Issued by governments andNYT - 975 words
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Article1391 1978-03-25 8 March 23 TRADING in options on trie Chicago Board Options Exchange came to 08,823 contracts on Thursday, compared with 98,277 contracts on Wednesday. orxwm an ilt OCT rnoc* Airn» Al*m :ts m m H it IV* MV4 avi M m WTW OKTUD HOC ■cat WKJL. HOL V*1,391 words
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Article475 1978-03-25 8 Tokyo SHARE prices closed mixed In active trading yesterday, dealers said. The Dow Jones average lost 4.30 to 5,262.46 with volume of 310 million shares. The Tokyo Stock Exchange Index was 398.22 up 0.34. Vehicles, cameras and some other export-orientated issues declined, while pharmaceuticals, electrlcals and government Investment-related475 words
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Article14 1978-03-25 8 STOCK market* in Hongkong. Manila and Sydney were ctoaed yesterday for Good Friday.14 words
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303 1978-03-25 8 TAKEOVERS of US companies by British and Canadian concerns are likely to show a sharp rise In lf>7B, while total merger and acquisition activity is also expected to exceed the second half of last year. Investment bankers said. J. Harris, general partner303 words
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Page 8 Advertisements
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Advertisement160 1978-03-25 8 SEtfJ COLLECTINQ Oriental Antoiej t 111 'V by Judith Moorhouse and Dries Blitz G] 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 e xp enslve for the average160 words
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INTERNATIONAL COMPANY NEWS
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173 1978-03-25 9 NORTH AMERICAN COMPANIES Reuter PHILLIPS Petroleum Co said in its 1978 annual report that earnings "should be higher than the U*****.9 million or $3.37 a share earned last year. The company said it expects this year's production of petroleum liquids to surpass the gains ofReuter - 173 words
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Article92 1978-03-25 9 THE board of Eastern Airlines has approved the acquisition of 23 Airbus A--300 planes. -The contract with Airbus industries Is being finalised to Miami, company president Frank Borman said. The airline will keep the four planes it has on a trial basis, and will take another92 words
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1470 1978-03-25 9 NYT THE WESTERN Union Corp., a genuine American institution established in 1851, changed little in its first 100 years as the mercurial telegraphic messenger of the people. Now, In the throes of a dramatic metamorphosis. It Is becoming something else: a communications conglomerate thatNYT - 1,470 words
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Article449 1978-03-25 9 EUROPEAN COMPANIES ZURICH: The past year was "favourable in every way" for Swissair, according to the airline chairman, Mr. Armin Baltensweller. The company's expectations were substantially surpassed, he said at Swissair headquarters. Records were reached in all main sectors of operations last year, with total income449 words
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304 1978-03-25 9 IN ITS annual report for 1977, the management of Robeco notes that, In spite of -the continuation of the economic recovery, the development of stock prices In particular in the United States was disappointing. Political uncertainty and monetary tension are mainly responsible for this. Robeco's304 words
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Article215 1978-03-25 9 LONDON: Borg Warner's UK transmission company is now "Just about breaking even" again after a difficult time since the oil crisis, according to its managing director, Mr. Russell Bearss. The UK company, a subsidiary of the US-based Borg Warner group, was hit hard by the oil215 words
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222 1978-03-25 9 Reuter FRANKFURT: Hoechst AG said the parent company's position did not change in the first part of this year from last year. Commenting on last year's results, which showed a decline In pre-tax ?>roflts to 691 million marks rom 786 million, It said the fallReuter - 222 words
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Article218 1978-03-25 9 LONDON: The claim that the British Steel Corporation has been "outmanaged" by the private sector of the British steel Industry is made in a new survey published by Inter Company Comparison. An analysis of 60 of the leading private sector steel companies over a three-year period218 words
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161 1978-03-25 9 PARIS: Banque Rothschild, the deposit bank controlled and run by the French branch of the Rothschild family, suffered a sharp setback last year with its net earnings almost 60 per cent down at 8.53 million francs. However, the bank, which registered a net profit of 20.93161 words
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202 1978-03-25 9 Reuter GENERAL Dynamic* Corp aaid its funded backlog at end 1977 rose 20 per cent to a record US$6.4 billion from $5.3 billion i year earlier. Funded and unfunded backlog increased to $7.6 billion from $6.5 billion at end 1976. Pre-tax earnings last yearReuter - 202 words
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Article81 1978-03-25 9 Reuter THE Canadian government said it approved a proposal by J. Ray McDermott and Co Inc to acquire control of Babcorkand Wilcox Canada Ltd, Bailey Meter Co, Diamond Canapower Ltd. Babcockand Wilcox Refractories Ltd and Holmes Insulations Ltd. The acquisitions result from the acquisition by J. RayReuter - 81 words
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Article351 1978-03-25 9 AP DEAK and Company of California, a subsidiary of the largest foreign currency dealer In the world, has begun Its defense against charges that it failed to file required reports on US$ll million in transactions. The federal government claims that between July 1972 and MayAP - 351 words
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Article66 1978-03-25 9 Reuter CHAMPION Spark Plug Co. said It has been named the major supplier of spar* plugs for Volkswagen Rabv bits to be built In Pennsylvania. Champion said shipments would begin soon to Volks- wagen's New Stanton, Pennsylvania, where Rabbit production is scheduled to begin next month. ChampionReuter - 66 words
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Article128 1978-03-25 9 THE Dictaphone Corp. Rye, New York received a patent on what Is entitled apparatus for recording replies to pre-recorded messages. When the machine gets an incoming telephone call, it takes down what the caller has to say. asks him certain questions and makes note of his128 words
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Article173 1978-03-25 9 Reuter FIRESTONE Tire and Rubber Co said It Is closing Its bias passenger tyre production at three facilities in the US, Canada and Europe. The company said Firestone Canada Ltd, will terminate production at one of its tyre plants and a European subsidiary is ending productionReuter - 173 words
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Article92 1978-03-25 9 Reuter GENERAL Electric Co said although industrial growth is not expected to be as vigorous this year as in 1977, it expects good sales for major appliances, lighting, housewares and audio products. GE said in its annual report that tax cuts proposed by the Carter administration wouldReuter - 92 words
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Page 9 Advertisements
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Advertisement342 1978-03-25 9 i r 4 The White Lions of nmbavatl J5 m *2 c S3 lASTER An 0 x^s/c" Ml l\<* IKI \f Is. nit \\< >/«/ VIJUV J thi t iit th hy»a<ii»r f T\ r ft iA ,4 •i:? ■w# 2500 fill! odour drawings and describes each individual and team342 words
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Article305 1978-03-25 10 THE Kuala Lumpur stock market yesterday finished the week on a distinctly easier note as prices continued their retreat in the face of ftirther profit-taking and stale-bull liquidation. Trading was relatively quiet as operators chose to remain on the sidelines waiting for a more positive trend305 words
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Article1563 1978-03-25 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number <71 shares traded shown In brackets In lots of 1,000 nnlts unless otherwise specified. INDUSTRIALS Amu (1.758). A town (2.808 2.888) (1) 2.86 (4) 2.871,563 words
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Article145 1978-03-25 10 INCOME BOND UNIT SINGAPORE UNIT TRUST (Currant price*) (Manager*' prkn for Mar 27) INCOME BOND 1.10 1.17 The Commerce 1.85 1.96 The Saving Fund 106 1.12xd MARA BUMIPUTRA FUND S pore Prog Fund 0 86 0.91 (Manager*' price* for Mar 27 S pore Security 1.70 180 First Bumlputra145 words
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Article532 1978-03-25 10 Current Ex Books Date Total for Total for payment Date close payable the year previous year Wilkinson 16% Mar 14 Mar 30 Mar 30 24% 20% llu Benut 6%(d) Mar 13 Mar 23 Mar 31 6% 5% Taiping Consolidated 15%(n) Mar 3 Mar 15 Mar 31 25% 30%532 words
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Article2599 1978-03-25 10 1977/1978 Hi(k Law Company Lut Sale W«* +«rGr's Div Div C*tt Gr'» Net Y'ld P/E Week Vol Week COOt) Hick Low SECTION ONE INDUSTRIALS 170 280 130 262 88* 247 170 291 422 146 132 165 58 212 57* 155 144 182 350 91 Acma Alcorn Allied2,599 words
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Page 10 Advertisements
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Advertisement570 1978-03-25 10 iIL L LL 1! sinGopura FORUM gf HOTEL W Orchard Road, S'pore 9. Tel: *****2 406/407 Havelock Road, B'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens570 words
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COMPANY NEWS
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Article2434 1978-03-25 11 CHAN BONG SOO - TOURIST INFLUX EXPECTED IN NEXT FOUR YEARS By CHAN BONG SOO HAVING Just emerged from the recession, Singapore's big hotel league Is today gearing itself for a boom. As It Is, there are already signs of continued good times on the horizon. In contrast to a2,434 words
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Article358 1978-03-25 11 CONTINUING its rationalisation efforts after the successful bid for all the shares of Patani Para Plantations and its divestment of interests in Batu Ma tang last year, Consolidated Plantations is making a share exchange offer now for control of another of its fringe companies Gedong Investments of the358 words
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817 1978-03-25 11 LOW LEE CHOO - By LOW LEE CHOO FOLEX Industries, the lossstricken Malaysian textile weaving firm, achieved a substantial improvement in its trading results for the six months Co February, 1978. However, the company is still weighed down by heavy financing costs which have resulted817 words
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Page 11 Advertisements
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Advertisement318 1978-03-25 11 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore Drive, Singapore318 words
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1077 1978-03-25 12 FIRST QUARTER GNP TOPS $4.6 TRILLION Reuter NYT US COMMERCE Department chief economist, Courtenay Slater, said she expects March economic Indicators to show an Improvement over recent months. Indicators for January and February were affected by weather conditions and the coal strike, but she believesReuter; NYT - 1,077 words
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Article, Illustration276 1978-03-25 12 AP BRITISH Prime Minister James Callaghan said on Thursday that Western industrialised countries must devise a "plan of action" to end what he termed a global recession. After a lengthy meeting with President Carter and later at a news conference, in Washington, Mr.AP - 276 words
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355 1978-03-25 12 US IMPORTS of oil and oil products have increased sharply since end-January as a result of the coalininers's strike. The Organisation for Economic Cooperation and Development (OECD) in its latest monthly report on oil trends estimates the cost of the strike at 250,000 barrels355 words
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403 1978-03-25 12 Reuter UPI JAPANESE Finance Minister Tatsuo Murayama said he expects the yen to stay in the 220-level against the US dollar for the time being. He said he was not surprised that the yen advanced through the 230-yen per dollar barrier yesterday, given thisReuter; UPI - 403 words
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334 1978-03-25 12 THE British government has proposed that Malaysia grant a six-month trial period to allow the Concorde to overfly its airspace before any final decisions are made over the isaue. "This is one of the suggestions I have made to Prime Minister Datuk Hussein334 words
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Article47 1978-03-25 12 Reuter NET foreign Investments In Japanese bonds rose to a monthly record high of US$l.23 billion (512.8 billion) in February from the previous record of $816 million In January. This is the fourth consecutive month the record has been renewed, the Finance Ministry said.Reuter - 47 words
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502 1978-03-25 12 MALAYSIA is stepping up mineral prospecting on land and offshore especially for tin. Offshore prospecting has started off Perak and will extend to Malacca and Negri Sembllan. The Primary Industry Minister, Datuk Amar Taib disclosed on Thursday that prospecting off Perak near Lumut had been502 words
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926 1978-03-25 12 AFP NYT THIRD world countries urged developed nations to show goodwill In order to break a deadlock at the United Nations Conference on the Law of the Sea which reconvenes here next Tuesday. A spokesman of the 117 developing nations in the "GroupAFP; NYT - 926 words
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409 1978-03-25 12 MALAYSIA'S tin production in January showed an increase of 1,037 tonnes against the previous month's. This is because of a step-up in mining activities. According to the Mines Department, January output was 5,529 tonnes compared to the 4,492 tonnes for December. The Increase was409 words
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Article194 1978-03-25 12 AFP CHINA is organising its first big multinational industrial exhibition since 1949 In Peking next October. The fair, further proof of China's opening to the outside world, will have stands from a dozen countries and concentrate on agricultural machinery. Full mechanisation of agriculture and vastly increasedAFP - 194 words
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200 1978-03-25 12 UPI JAPAN'S aid to a giant petrochemical project in Saudi Arabia will be the top topic at a bilateral meeting in Tokyo on April 3, the Foreign Ministry reported yesterday. The Japanese Foreign Ministry said Sheikh Hisham Muhiddin Nazer, Saudi Arabian Minister of Planning,UPI - 200 words
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Advertisement220 1978-03-25 12 s C s 4. V $105/-POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. In the kingdom of flowers, orchids are the undisputed glamour queens. Their elegance of form, vitality, and almost sinister exoticism give them the haunting beauty and endless fascination220 words