The Business Times, 15 April 1978
1978-04-15
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The Business Times
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Title Section11 1978-04-15 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, APRIL 15, 1978 50 CENTS11 words
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BRIEFLY...
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Article58 1978-04-15 1 KEPPEL Shipyard yesterday signed a 910.5 million contract for the repair of Soviet ships. Under the contract, Sudo Import, a Soviet shipping company, will send eight vessels including a 60-tonne tanker to the yard for repairs. With this contract, the total cost of repairs of Soviet vessels In58 words
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Article68 1978-04-15 1 UPI TOKYO, Frl. Charles Schultze, chairman of the US Council of Economic Advisers yesterday said the United States expects to achieve an economic growth rate of between 4.5 and 5 per cent over the next two years. Mr. Schultze also said he believes Japan will have difficultyUPI - 68 words
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Article55 1978-04-15 1 AFP LONDON, Fri. Several British unions have given the thumbs-down to a proposal by British Airways to buy 20 short-haul Boeing 737-200s from America at a cost of more than £110 million (***** million). The unions are demanding that to avoid unemployment an Improved version of the Britishmade BACAFP - 55 words
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Article66 1978-04-15 1 UPI HOUSTON, Frl. The Soviet Union may now be the world's leading producer of oil, but a veteran observer says It won't last and by the 1980s Russia will face a serious petroleum shortage. "Russia reserve ratios have been declining," Dr. Theodore Shabad told a university ofUPI - 66 words
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Article65 1978-04-15 1 AFP PARIS, Fri. World sales of cognac brandy were at 54,400,000 bottles, In the six months to February, up 15 per cent over the corresponding period a year ago. The Far East seems to be acquiring a big thirst for the liauour, Japan's Intake rose 125 per centAFP - 65 words
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Article38 1978-04-15 1 KUALA LUMPUR, Frl. Japan has extended preferential treatments to Asean's products from Arpll 1. These were accorded under the Asean's cumulative rules of origin under Japan's generalised system of preferences (OSP) Introduced on that same date.38 words
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Article44 1978-04-15 1 Reuter KUALA LUMPUR, Frl. A nine-member tin mining delegation from Bolivia will make a sixday visit to Malaysia from April 23. The Bolivia Embassy said the delegation would exchange views with Malaysian counterparts on all aspects of the tin Industry. Reuter.Reuter - 44 words
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Article59 1978-04-15 1 Reuter LONDON, Frl. Most International Tin Council (ITC) members now accept there will be no Increase In the buffer stock price range of M 51,200 to $1,500 per plcul at the current council meeting. Sources said the council session turned Its attention to US stockpile disposals havingReuter - 59 words
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Article66 1978-04-15 1 UPI NEW YORK, Frl.— Against an encouraging news background, stock prices moved up smartly today as first-hour trading volume hit a record. The Dow Jones Industrial average gained 12.55 points to 787.76 shortly before 11 a.m. The dollar's bright appearance on foreign money markets and a report onUPI - 66 words
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Chief Priee Changes
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Article133 1978-04-15 1 Rises Most acth re N ST 424 14 Perak Carbide 403.000 Y H S M*ia 207 10 API 341.000 T Harbour 255 +9 OCBC 129,000 Sin Heng Chan 234 +8 Y H S Maia 127,000 C4C 320 +6 OCBC 090 +5 Total Turnover: 3.90 m Strait* Trading133 words
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Article, Illustration156 1978-04-15 1 Rises Most active N ST M Box (S) M Textile Yeo HS(M) Tasek Olympla CliC Uid Mai Carlsberg Wearnes Chersonese 4.28 2.68 0.74 2.10 2.80 1.68 332 3.94 4.38 2.77 2.90 .28 .27 .14 .11 .11 .09 .08 .08 .06 .05 05 P. Carbide 495,000 API 423.000156 words
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Article1222 1978-04-15 1 NEED FOR SOBER APPRAISAL THE Malaysian Prime Minister, Datuk Hussein Onn, spoke yesterday of the need for a sober and level headed appraisal of the New Economic Policy whose goals could only be achieved In a spirit of cooperation, unity and tolerance. The Prime1,222 words
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Article257 1978-04-15 1 PETER CHIA - By PETER CHIA CORONA Manufacturers, a wholly-owned subsidiary ofthe US-based SCM Corporation, Is Investing an additional $6.1 million In Its Singapore typewriter manufacturing plant under a three-phase expansion programme now underway. This will bring its total investment to $24 million when the expansion is completed by257 words
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1011 1978-04-15 1 TOH THIAN SER - •y TOH THIAN SER PEGI MALAYSIA Berhad (Pegi) the main shareholder of Pan Electric Industries (Pan El) Is restructuring itself and. In the process, will give shareholders of the company an opportunity to see their shares reflect the market value of the underlying investment1,011 words
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270 1978-04-15 1 THE DOYEN of the hotel industry, Mr. S. C. Huang, is to build a $20 million hotel in the Orchard Road area. Mr. Huang is now seeking financing to build the 16-storey 350room hotel on the present Orchard Hotel site at the270 words
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584 1978-04-15 1 ARTHUR NG - •y ARTHUR NG SHAREHOLDERS of Perak Carbide yesterday saw the value of their holdings cut back by nearly one-third on rumours around the Stock Exchange of an impending shutdown of the company's manufacturing operations. The rumour was confirmed by the company in an584 words
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Page 1 Advertisements
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Advertisement23 1978-04-15 1 5 B LANIER COURIER the perfect secretary.... 10os.wt. works 24 hours a day and never grumbles Soto A««ntOON Mt. »1:532#38/53t163 SEE BACK PAGE23 words
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Advertisement143 1978-04-15 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 economic motivation among 80% of the ASEAN .population. The latter explores the British, American, West143 words
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Advertisement78 1978-04-15 1 mm. WILL your buiiMM go up in KING'S hotel double* its profit 11 ■moke? 2 SES prww Goodwood for WORKSHOP to foster ties more details 11 among shippers 5 AEROSPACE plant takes off 12 EEC banking demands easier DEUTSCHE bank opens office access into Japan I here 12 HEALTHY thirst78 words
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Advertisement412 1978-04-15 1 Ijvrctf Lines FOt TMI MOST PRKQUCHT SAILINGS TO posts in wist 4 Cast coast south CENTRAL AMERICA Everett Steamthip Corpn. S/A THESE ARE THE BOOKS THAT HITLER BURNED 8! t U ii I«i :fc ""T 'Hi i THE GREAT BOOKS OF WESTERN CIVILIZATION These arc the books thai had to412 words
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TRADE AND INDUSTRY
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Article, Illustration788 1978-04-15 2 SOH TIANG KENG - THE PRICE OF PROGRESS »y SOH TIANG KENG RAPID industrialisation and modernisation, resulting in the proliferation of factories and skyscrapers, has created new fire hazards In Singapore. Big fires can inflict extensive economic damage such as temporary production stoppage, retrenchment, and loss of customers788 words
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494 1978-04-15 2 NYT Reuter THE International Trade Commission (ITC), in a finding affecting the evolution of American steel Import restraints, voted unanimously on Thursday that imports of carbon steel plate from Japan Injured domestic producers. The 4-0 vote by the Independent trade monitoring bodyNYT; Reuter - 494 words
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149 1978-04-15 2 TWO-WAY trade between Taiwan and the United States this year would (row from US$6.5 billion to $7 billion (SSIS billion to SIS billion) because of Taiwan's interests in buying more American products. William Moreli. executive director of tbe USATaiwan Economic Council, made149 words
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Article54 1978-04-15 2 YAOHAN Singapore has reached agreement with Thomson Plaza to operate a supermarket cum department store at the complex. The agreement will be signed on Monday. The store will be Yaohan's third and is expected to be much bigger than Its Katong outlet but smaller than its main54 words
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Article, Illustration152 1978-04-15 2 HITACHI ZOSEN has received an order from the Soviet Union for a complete pre—line, including Tri-axis transfer preteee. The order, placed by a Russian public corporation, V/O Avtopromimport, is believed to be the first in the world for a preee combination system. The line will be manufactured152 words
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509 1978-04-15 2 HARDEV KAUR - BY HARDEV KAUR MALAYSIA is still considering the Invitation to Join the East Asia Travel Association (Eata). This was revealed by the deputy chairman and director general of the Tourist Development Corporation (TDC), Enclk Bahiruddln Musa Malaysia, with Its limited financial and manpower resources,509 words
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Article107 1978-04-15 2 Reuter EXPLORATION of uranium deposits in Kalimantan has yielded encouraging results. The director general, Mr. Baiquni of the Indonesia Atomic Energy Agency, said he is optimistic that they can be exploited economically. Antara News Agency said Mr. Baiquni made the statement after signing amendments to theReuter - 107 words
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407 1978-04-15 2 TALKS TO Improve bilateral trade between Malaysia and the United States will be held in Kuala Lumpur on April 24. The two-day meeting, which will discuss trade matters of direct Interest to both countries, will also cover multilateral trade negotiations (MTN) in Geneva.407 words
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Article219 1978-04-15 2 UPI THE Hongkong government turned down proposals to bring in migrant workers from neighbouring countries to relieve the shortage of labour In the textile Industry, Its largest foreign exchange earner. Financial Secretary Philip Haddon-Cave said, "the case for allowing this cannot be Justified on economic groundsUPI - 219 words
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Article28 1978-04-15 2 THE SUPERVISORY and Management Training Association of Singapore will conduct a 10-lecture course on management toy objectives for results from May 2, at the Merlin Hotel.28 words
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Article231 1978-04-15 2 Reuter THE economies of Asean members have become increasingly subject to the business cycle In Japan, according to the Japan External Trade Organisation. In a review of AseanJapan relations in its December issue of "Now In Japan," it said: "If Japan catches a cold, the Asean countriesReuter - 231 words
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Article209 1978-04-15 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April Industrial Hilton Personnel 3-20 Relations Organisation Development April Financial Management Hilton Consulasla 17,18 April New concepts in Hyatt IREE 21 desk-top calculators April Middle management SITC SITC 24- course May 13 April 24 Effective Report Hilton Consulasla Writing April 24-209 words
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Page 2 Advertisements
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Advertisement157 1978-04-15 2 Study Accountancy with the Specialists Study with Foulks Lynch J i()\ik Simc 1 Ss4 I I \ll v.-11 ha\ c m liitoiiin.' M llili'llt sll (>lll .ill i>ll iKi I lie Ol 111 11> 1 lie v l! UHI n \v.vimiiii;iik'\ c\ainin.ilions anil mci I licm* cai •> have aclncvoil157 words
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Page 2 Miscellaneous
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Miscellaneous630 1978-04-15 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Complain of repetltlveness 7 What to brew up when late back? (5. 3) 8 Asinine person of note? (8) 10 He makes everybody a bit angry (5) 13 Point a lad out In the country (4) 14 Frontiersman's rankM) 15 Came to rhyme with630 words
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OVERSEAS
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Article520 1978-04-15 3 NYT FARM state congressmen, some of them still numbed by the House of Representatives' resounding defeat' of the emergency Farm Aid Bill, were looking again on Thursday for some way to increase grain and cotton subsidies in this autumn's crops. Groups of angry farmers, membersNYT - 520 words
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Article247 1978-04-15 3 Reuter JAPANESE railway services were virtually crippled yesterday when engineers began a 24-hour strike from midnight to back demands for better pay and working conditions. About 80 per cent of the scheduled 1,500 trains running throughout the country were Idle because of the strike, which was expectedReuter - 247 words
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280 1978-04-15 3 NYT US SECRETARY of the Interior, Cecil Andrus, announced on Thursday he had rejected 14 of 57 recent bids on Atlantic offshore oil tracts, but he also apparently rejected a recommendation by the Federal Trade Commission that he apply stricter standards to bids madeNYT - 280 words
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Article138 1978-04-15 3 Reuter THE average rise of 3.5 per cent In the West German real gross national product this year must be seen as an ambitious goal given the uncertainty facing further general economic development, Berliner Handels und Frankfurter Bank said in its annual report. The uncertainty arisesReuter - 138 words
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Article268 1978-04-15 3 UPI PORTUGAL'S ruling socialist-conservative coalition leaped its first major parliamentary hurdle on Thursday by voting a belttightening budget against an unanimous opposition. The vote capped a lacklustre five-day debate on a budget which laps new taxes on almost everything and everybody calling for a sales taxUPI - 268 words
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Article152 1978-04-15 3 FORMER French Farm Minister, Michel Cointat, on Thursday threatened to take steps to sack the Common Market Commission if it continued to attack the principles of the Communrty's Common Agricultural Policy (CAP). Mr. Cointat was speaking in the European Parliament just before it voted to152 words
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212 1978-04-15 3 Reuter BRITISH industrialists are expected to be cautious about talks on future government pay policy, Confederation of British Industry (CBI) director general John Methven said. Early talks with employers and unions were proposed by Chancellor of the Exchequer Denis Healey in his budget speechReuter - 212 words
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Article263 1978-04-15 3 Reuter UK MONEY supply, sterling M-3, rose by 0.5 per cent after seasonal adjustment In the banking month to mid-March, the Bank of England confirmed, giving a yearly per cent growth for the financial year to mid-April. Earlier this week, Chancellor of the Exchequer DenisReuter - 263 words
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WORLD IN BRIEF
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Article539 1978-04-15 3 THE International Monetary Fund will again offer 525,000 ounces of gold at Its next monthly auction on May 3. Minimum bid will be 1,200 ounces and the bid price method will be used. BRITISH Prime Minister James Callaghan told Parliament he was not aware of any intention539 words
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Article771 1978-04-15 3 CARTER'S WAGE CALL FALLS ON DEAF EARS NYT SOME of the United States' most Influential labour leaders are expressing deep scepticism towards President Carter's latest plea for sacrifices on the wage front. They emphasise that their contract demands are influenced more by the real inflationary pressures on theirNYT - 771 words
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Article84 1978-04-15 3 FOREIGN banks setting up in the United States are providing increased competition for American banks these days, according to official sources in New York. They are moving in with massive amounts of capital from the Far East, Western Europe and Latin America in an evident bid84 words
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Page 3 Advertisements
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Advertisement191 1978-04-15 3 I one team with S>TP Distributors Vh 'A-- 'V A c 7 y J c I ri t\ f I 7l (C/ V* I v yr K > x r f t i A successful combination for language learnina. Linguaphone expertise and STP Distrilxitors marketing Know-how. Ljnguaphone, world renowned for191 words
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RAW MATERIALS
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Article457 1978-04-15 4 THE SINGAPORE rubber market closed steadier yesterday with May One RSS buyers quoted at 202.25 cents per kilo, up one cent on Thursday night's close. Prices gained some 0.75 cents during moderate morning trading on weekend covering and forward demand with some profit-taking evident at the457 words
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Article297 1978-04-15 4 Prices tn cent* per kilo yesterday: Noon (per Ulo) ClotG (per kilo) Int. 1 R.8.8. prompt f.o.b. Int 1 R.8.8. May Int. 1 R.8.8. June Int. 2 R.8.8. UK/Cont. Int. 3 R.8.8. UK/Cont. Int 4 R.8.8. UK/Cont. Int. 5 R.8.8. UK/Cont. Buyer* 201.50 208.50 203.00 197.50 198.50 194.50297 words
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Article90 1978-04-15 4 NOON SSR and SMR prlcei yesterday: HAS May rrat Mth) gallon June (Cm Bvyw (Forward Mti) lU par k<) (ۥ1 taper kg) SSR 20 (1-ton pallet) 194. (ST 198.00N 196.00 197.00N SSR SO (1-ton pallet) 192.00 194.00N 193.00 196.00N MRELB SMRSCV (l-ton pallet) 215.00 217.00N 215.90 217.SON90 words
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Article82 1978-04-15 4 C.I.F. North European ports, tn US dollars per ton unless otherwise stated. LONDON: Tfcoraday Malaysia 5H ffa bulk per tonne June Sumatra 5% ffa bulk April May June July August September Nigeria 5% ffa bulk stg unq unch 925 sir 582 50/595 pd 580/577.50 pd 500/562.00 pd unch82 words
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Article30 1978-04-15 4 Rubber: April 14 Singapore: May 202.25 cent* (up 1.00 cent) Malaysia: May 20C.75 cent* (up 1.2S cents) Tin: $1,520 (down $10) Official offering: 215 tonne* (up 5 tonne*)30 words
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Article300 1978-04-15 4 PRICES held steady in quiet trading on the Singapore produce market yesterday. There were few inquiries, most of them being for refined deodorised coconut oil. According to the Singapore Chinese Produce Exchange, all prices of copra, coconut oil and the other commodities held unchanged from the previous day.300 words
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Article169 1978-04-15 4 TERMINAL coffee opened £4 higher to £10 lower In a turnover of 108 lots, In London yesterday. Market sources said values had been expected to open slightly higher In the near positions based on New York's close. However, after achieving this, prices fluctuated In local speculative activity with no169 words
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Article170 1978-04-15 4 THE COMBINED effects of lower sterling and the 3.8 Sir cent rise In the West erman first quarter cocoa grind sent terminal cocoa In London yesterday sharply higher Initially to within touching distance of £40 limit up levels, basis near May at £2,118. But prices fell back during the170 words
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Article289 1978-04-15 4 PRICES of broken rice In the Bangkok shipment market decreased US$5 per tonne yesterday while parboiled also Increased $5 per tonne. Traders said AAA-One Super and AAA-One Special broken rice had dropped from $265 to $262 to $260 and $257 per tonne, respectively. Price of 5 per cent parboiled289 words
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Article174 1978-04-15 4 i he straits tin price in Penang yesterday fell KftlO pt'plcultAtl S9n !*•»>«"• h he" International Tin igreement celling. Dealers said values were marked lower following the slight Increased contribution by miners over the week. Turnover rose to 215 tonnes from Thursday's 210. In LONDON yesterday, tin rose174 words
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Article156 1978-04-15 4 TERMINAL sugar In London yesterday opened 10.75 to £0.10 higher than Thursday's closing afternoon levels. Turnover totalled 991 lots. The market opened quietly after Thursday night's New York inspired active and Irregular kerb session. Prices neld steady in the morning while awaiting news from the day's Indian selling tender,156 words
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Article200 1978-04-15 4 THE SUOAR market closed 0.02 US cents higher to 0.03 cents lower in dull and featureless trading yesterday, with 10 lots traded against five on Thursday, dealers said. The Hongkong dally spot sugar price was steady at 7.70 U8 cents, while the net open positions were 63 lots200 words
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Article192 1978-04-15 4 YARN in cotton In Hongkong dollars, spot ex-godown CottaaYaia: China Blue Phoenix 20s 1,710. 32s 2.OSS. 40s 2.190 (per bale of 400 lbs). Piece Goods: China Butterfly and Glob* Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 30 Inches192 words
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Article117 1978-04-15 4 SOYBEAN futures in Chicago on Thursday bounded to either side of Wednesday's close In 15 to 10-cent trading ranges before closing with losses of 11 to US cents a bushel. The market lost ground in early dealings on selling generated by Increased farmer selling and cash market easiness. Soybean117 words
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Article52 1978-04-15 4 WHEAT futures were under pressure through most of the session in Chicago on Thursday and closed with losses of 9tttoBtfc US cents a bushel. The market fell in early trading on liquidation prompted by the defeat of the Emergency Farm Bill In the House and reports of increased country52 words
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Article275 1978-04-15 4 RUBBER prices for the week ended April 13 fluctuated narrowly just over the $2.00 mark within a two-cent range, while turnover was better than of late. A slightly steadier tone was noted at the start on hedge and speculative covering following light East European and China275 words
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Article313 1978-04-15 4 COPPER wlrebars showed gains of mostly £6 per tonne In London yesterday. Dealers said the movement was touched off by expectations of a fairly sizeable drop in LME stocks this week and the weaker trend In sterling against the US dollar. Covering against reported overnight US and Japanese demand313 words
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Article211 1978-04-15 4 SILVER on the London Metal Exchange yesterday showed gains of mostly 0.7 pence per troy ounce. The very steady tone reflected weakness of sterling which tended to offset the unsettling influences of the overnight close at New York and lower gold, dealers said. But trading Interest was light with211 words
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Article368 1978-04-15 4 THE KILOBAR in Singapore yesterday opened at 5513,356 and closed at $13,346 In quiet trading. The gold price weakened in the late afternoon as a result of the strengthening in the U8 dollar. In the loco London market, the metal opened at U*****.75/ 179.05 and closed at $178.40/ 70.368 words
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Article71 1978-04-15 4 ZINC finished £6.50 per tonne up for cash and £6 higher for Three Months In London yesterday. Trade sources said the gain reflected covering prompted by the generally firmer trend in base metals which offset expectations of a further modest rise In LME stocks this week as a market71 words
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Article64 1978-04-15 4 LEAD gained £5 per tonne all round in London yesterday. Dealers attributed the movement to covering prompted by the rise in copper and tin with expectations of a modest fall in market stocks this week a supporting Influence. Trading was moderately active although carries accounted for most of the64 words
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MONEY AND EXCHANGE$
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Article438 1978-04-15 4 THE US dollar made impressive gains against most other major currencies on the foreign exchange market yesterday. Opening at 219.30/40 against the yen, the dollar was thinly traded to 219.60/70 at about Tokyo close in early afternoon. By the time of London trading, however, the dollar was brought438 words
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Article68 1978-04-15 4 THE PRIME rate of most commercial buki is Ippi dow ataada «t 7 par out Ovarw-Qiin— BmMh Corporation to Mill oflferinf IH par cent to Its boat customers while both Chartered and United Commercial Book are —totatolf their prime rate* at 7 par east. The atatod prime68 words
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Article145 1978-04-15 4 Asian rates ASIAN currency deposit Interbank rates as at close on April 14:' U8 Dolli Ottmr *BST"*) 7 days 7 6 7/( 1 mth .7 l/» 7 2 mtlu 7 J/16 7 3/16 3 mth* 7 7/16 75/16 6 mth* .713/16 711/16 9 mth* 715/16 713/16 IS mth* 7 7/8145 words
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Article43 1978-04-15 4 RANOE OF prices offered by discount houses on April 14: Ovemifht 3*4 to 3** Car deposit I* to 3K« flistot Byte, MUM 3-Month Treasury Mils 3* 3* 3-Month Bank Mils 4H 3-Month CD Sl/1« 4 1V16 6-Month CD 9 VII 53/19 Source:43 words
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Article132 1978-04-15 4 Euro rates PERIOD deposit rates yesterday eased by 1/16 as funds came on offer and bid Interest faded following news of a smaller than expected rise in the US weekly money supply, announced on Thursday, dealers said. However, rates steadied at the lower levels after the Initial outburst of lending132 words
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Article50 1978-04-15 4 RESULTB of tender held yesterday for 91-day Treasury bills to be issued from April 17 to 21: OflM: *30.000.000 *r. *86 TOO ooc Allattai: *30 000 000 < rr«pl«< Ma: SM 20 approximately J4V Miter bid* in full. Avtrafr raw tf tacMil m aUatanl 3 ZOOS pa50 words
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Article49 1978-04-15 4 FRANKFURT exchanges opening quotes on April 14: US 2 0230/85 (2 0153/83) Cut 1 7800/15 8U 3 774/784 DFl W-S7/87 S Fr 101.1®/108 00 Lit 2 374/384 F Ft 44 34/44 N Kr 37 98/38 08 B Fr (coo) 8 415/425 B Fr (fin) 8.41/42 Yen 0 9240/0049 words
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Article181 1978-04-15 4 EARLY trading was quite active yesterday, with traders reporting a good level of commercial demand for the dollar and taking advantage of its recent lows. The dollar registered gains against most currencies and held on to a good part of them In opening trading, dealers said. It rose to181 words
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Article159 1978-04-15 4 PERHAPS boosted by New York Federal Reserve Bank Intervention, the US dollar closed stronger against major currencies In moderately active trading on Thursday. Dealers.said the Fed appeared to be In and out of the market particularly In the morning, although the amount of Intervention appeared to be light.159 words
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Article147 1978-04-15 4 AFTER fluctuating narrowly throughout the day in generally quiet and thin trading, the US dollar yesterday closed slightly higher against other major currencies. The US unit strengthened marginally to 219.30/ 45 yen against Its 219.10/ 25 New York close and its 218.85/ 95 close here on Thursday, while It147 words
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Article113 1978-04-15 4 THE US dollar for overnight delivery yesterday closed at 219.40 yen, unchanged from the opening, but up from 218.90 at Thursday's close. No central bank intervention was detected in fairly active trading with volume US$375 million, dealer? said. After opening higher the U8 currency fluctuated In a narrow range113 words
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Article54 1978-04-15 4 AUSTRALIA and New Zealand exchanges on April 14: AUSTRALIA US dollar 1 1478/1 1430 Sterling 0 6172/0.6101 Ninety-day air mall Duytnf rates 1 1 1 Ninety-day forward buying rata*: SierUng 0 6164 US dollar 1.1495 NIW ZEALAND: Bterttng 0 5506/0 5477 US dollar 1.00*1/1.0101 Ninety-day airmail buying mm: Bterilnp54 words
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Article56 1978-04-15 4 ZURICH exchanges closing quotes on April 13: US 1.SM1-SM SKiMMtn OM *****-8228 D Mk K.9NM68 O T\ 88.7425-84M F Ft 41.0M-SS14 B rr >OI IMI D Kr I .MIMN1 N Kr 1082-1382 8 Kr 48.808S-M18 Lit 0 2182-11*4 Aus acti 12.8881 >862 Port 4 5140-5552 Spun 2 3447-3480 Arc56 words
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Article342 1978-04-15 4 TRADING In London Eurobonds was active yesterday. EUROBOND price* quoted on April Straight* BM Oftar Total oil ate 9* 84 FFIit«»Vg7 Courtauld* at« 94.89 EIBstf 94*92 Plaon* st« 10S 87 Inco9H IncoSMM Sparbankernaj Shell m 90 8NCFSKS4 EXB8W88 EIB 8%. 93 EC8CIHI9 Euroflna 6*88 Citicorp ion DBMinN Rovntrm atclO*342 words
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Page 4 Advertisements
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Advertisement227 1978-04-15 4 m y-J rem R I V s N $10 5 A 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 them227 words
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TRANSPORT
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Article682 1978-04-15 5 ARRIVALS Service Local Operator Number Time From SIA SQ10I 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL682 words
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Article154 1978-04-15 5 US aviation chief Roy Anderson, chairman and chief executive of the Lockheed corporation, said In Canberra that the AngloFrench Concorde had proved that people want to fly supersonic. However, he said future supersonic commercial airliners have to be larger than Concorde if they are to be154 words
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Article, Illustration396 1978-04-15 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Eastern (0600 subject free board) 22 Ibn Hayyan (2359 after Nedlloyd Fremantle Nedlloyd Frazer) 1/2 Korean Prince (6LVC) (1100 after Osho Maru) 29/30 Louise Kykcs (2359 after Patroclus) 31/32 Moges Flamboyan (HPIG) (0600 38/39 Ocean Supply (B. Barge) (after SBS I396 words
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564 1978-04-15 5 CHAN BONG SOO - »r CHAN BONG SOO THE Singapore National Shippers' Council (SNSC) will Jointly hold a three-day workshop with the Department of Trade In futherance of the council's policy of working In the Interest of shippers In the Republic. This project Is to be held564 words
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Article531 1978-04-15 5 IN THE early 1700s every ship entering the harbour of Russia's fledgling capital of St. Pettersburg (now Leningrad) had to carry a load of rocks and boulders as a port duty fee. This edict was issued by Emperor Peter the Great, for the building of531 words
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Article204 1978-04-15 5 UPI A FEW minor rate adjustments involving mostly grain and liner business took place on a busier freight market in London. After a slight rise in the beginning of the week, the South Africa-Japan maize rate returned to its previous level of US$l3 (SS3O) (2.500 tonnes discharge free),UPI - 204 words
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Article350 1978-04-15 5 MEMBERS of the International Air Transport Association (lata) are anticipating a "much needed" revenue growth of 5 to 10 per cent with the recent agreement in Geneva on a multilateral structure of North Atlantic cargo rates and conditions for 1978/79. Delegates of International airlines operating350 words
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184 1978-04-15 5 THE CONTRACT for 23 Airbus A-300 planes placed by Eastern Airlines has come under attack from the US aircraft industry, and a congressional sub-com-,mittee,due to the method of financing the deal. Boeing financial director Jack Pierce affirmed that contracts won by Airbus Industrie internationally,184 words
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Article, Illustration55 1978-04-15 5 THE SOVIET Union's atomic icebreaker, Sibir, recently led a fleet of ships through 1,234 km of ice in the Kara Sea. The route to the Yamal peninsula in the Soviet polar north, opened by icebreakers, made possible all-year navigation between Murmansk and the peninsula where a natural55 words
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Article261 1978-04-15 5 ZIM ISRAEL Navigation Co. has resumed Its Far Eastern services following the end of the longest strike in the company's history. The strike, called by the Israeli Seamen's Union, was called off last week after 77 days of Industrial action which badly crippled Zim's261 words
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Article123 1978-04-15 5 PROFESSIONAL shipping men will have much to gain from the Isme Tokyo '78 symposium on mar-ine engineering to be held In Tokyo In November. The symposium is the second of its kind the first was held in 1973 and is sponsored by the Marine Engineering Society123 words
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Page 5 Advertisements
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Advertisement43 1978-04-15 5 in PAN Paperback LECAIIE f 1 THE HONOURABLE SCHOOL' HIS LATESI #1 WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME Now on Sale at all good bookshop.** I )i>i rit»ut»(i l>\ I i\lK> )|> Kllil l'u|<> >|)\ KHb SI\(,AI'()KK >| o43 words
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Article578 1978-04-15 6 THERE is every reason to expect that Malaysia will be one of the world leaders In economic growth over the next ten years. It has abundant supplies of raw materials including oil. Its labour force Is large If somewhat untrained in industrial skills. The578 words
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292 1978-04-15 6 THE AEROSPACE Industry In Singapore appears to be taking off finally, albeit at a gradual and carefully measured pace. Much of the over-enthusiasm and ambitious plans for a large-scale aerospace complex felt in the days of the Murphy Mundy report in 1969 is now gone,292 words
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Article, Illustration2577 1978-04-15 6 QUEK PECK LIM; QUEK PECK LIM - THE Common Market of Europe is about to set up a truly common banking system, with a strong emphasis of reciprocal banking rights, which will affect the Japanese among others the Europeans want the Japanese to open their domestic financial markets to2,577 words
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Page 6 Advertisements
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Page 6 Miscellaneous
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Miscellaneous62 1978-04-15 6 |WiEK!;HERg WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated shoivers from mid-morning. Report for 24 hours prior to 7.30 p.m. on April 14 at the airport. Maximum Temperature 31.2° C Associated Humidity Minimum Temperature 23.6° C Associated Humidity Hours of Sunshine 4.30 Rainfall in Millimetres trace Total62 words
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Miscellaneous304 1978-04-15 6 RADIO SINGAPORE 5 12.55 PM Opening announcements followed by Sesame Street 0 1.55 Lassie Feature Well Of love* Starring: Lassie, Robert Bonner, Mary Gregory 3.05 Hazel (Repeat) o 3.30 Police Surgeon House Guest 0 3.55 Soccer Malaysia Cup '78 Singapore vs Penangi o 4.55 bandiwara A Malay drama entitled "Hampa"304 words
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Article565 1978-04-15 7 PEOPLE TURN up for It 1 every year, once a year. The i crowd usually claps. It < seldom boos. 1 The life savings of some of I the audience are at stake. 1 The entertainment consists 1 of facts and figures. Almost every565 words
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Article, Illustration1228 1978-04-15 7 TSANG SAU YIN - By TSANG SAU YIN SINGAPORE BUSINESSMEN and industrialists are showing a healthy thirst for knowledge. This Is indicated by the simple statistic that the Singapore Institute of Standards and industrial Research (Slslr) Current Awareness Service (CAS) has acquired no fewer than 900 paying subscribers in1,228 words
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Article, Illustration787 1978-04-15 7 SO YOU thought Dracula was a blood sucking vampire? Wrong. Romanian President Nicolae Ceausescu, Dracula's countryman, declares categorically that he was a Romanian freedom fighter struggling against foreign domination and oppression, to wit the Ottoman Empire of Turkey. Not only that, he says Dracula. whose castle787 words
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780 1978-04-15 7 AP me AMID MORNING shopping, more and more Taiwan housewives visit one of the most bustling markets of all, where they can't bargain but only watch price moves with the fervour of a horse race spectator. It is the stock market, and many seemAP - 780 words
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1070 1978-04-15 7 ranu r ...0D industry By HOCK LOCK SIEW SINGAPORE should seriously consider how best it can sell Itself. Culture is a highly "saleable" product and every tourist is sold some culture when he visits a country. The Singapore Tourist Promotion Board is actively sellingBy HOCK LOCK SIEW - 1,070 words
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Page 7 Advertisements
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Advertisement210 1978-04-15 7 ig about KLM's ass is absolutely first class and more. Its special stands for a lot of privileges. allowance is 50% higher. Your luggage f the plane for a fast getaway. You are entitled to heck-in facilities at airports. And exclusive > lounges to relax in. too good to be210 words
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Page 7 Miscellaneous
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Miscellaneous27 1978-04-15 7 BriStoW'.l^anklHckensJ] &R*9TOU) THiSJ PXXtN'MG ev»eß S»NCe ME LtAfcrtED W J FifcHYS UfMCHeT mftfg URS uxxi»<3 PO£ Him seems To MP*V€. DVSftPfl£>«£D Off THC FPC£. OF THE. GP42TV427 words
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INTERNATIONAL STOCK MARKETS
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Article571 1978-04-15 8 TOKYO Source: DBS-Daiwa SHARE prices advanced yesterday centring on undervalued issues and those with good margin positions. Precision Instrument Issues such as Ricoh and Canon rose. Pharmaceutical issues, which were bearish in the morning, turned higher. Kashlyama gained ground on reports of "good business results forSource: DBS-Daiwa - 571 words
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Article427 1978-04-15 8 Source: Sun Hung Kai Sec. FOLLOWING the excellent results from Swire Pacific and the unexpected bonus issue, prices were marked higher yesterday in early trading. Swire Pacific leapt 15 cents to 6.70 at the opening while HK Bank and Jardine. rose 10 cents In sym- pathy. The market, •however,Source: Sun Hung Kai Sec. - 427 words
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Article320 1978-04-15 8 MANY industrial and mining stocks rose yesterday with BHP gaining eight cents to A 56.28 and traded at a high of $6.32 .earlier. Dealers said banking retailing and building sectors improved and among Industrial leaders ANZ Bank rose four cents to $2.74. Among mining stocks, Western Mining was three320 words
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Article146 1978-04-15 8 THE market closed lower yesterday with all sectors posting slight losses. Turnover fell to 1.75 million pesos from Thursday's 1.92 million. Dealers said leading mining issues lost fractionally while others followed on the fall in copper prices. Leading oil issues were unchanged but others were slightly lower. Commercials were146 words
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Article133 1978-04-15 8 APR 14 Bahts Asia Fibre 256 -2 Bangkok Bank 375 unch Bangkok Invest. Bangkok-Metro-politan Bank Bata 750 -20 Berll Jucker CarpetIntnl Charoong Thai Wire 295 1 Dumex DusltThanl 320 +2 Fuber Merlin First Trust Genera Finance Indo-Thal Industrial Finance Corp 2515 30 J And J Ho Jalaprathan Cement 292133 words
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Article307 1978-04-15 8 APR 13 Rand INDUSTRIALS A Alpha Abercoin AE And CI AMIC Barlows 08 160 245 840 B 350 unch 10 ♦5 +2 Currle Finance De Beers Ind 500 115B 66 875 unch -5 unch 10 Edcon Edgars Eveready FedVolk Fuglt 170 2250 105 140 75 unch 250 +5 unch307 words
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156 1978-04-15 8 Reuter PERTH: Striking Australian Workers Union (AWU) members at Hamersley Holdings Ltd's Mt. Tom Price Iron ore mine voted to continue their strike until at least next Monday, AWU sources said. Other industry unions Involved in the strike, which started last Friday over theReuter - 156 words
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Article523 1978-04-15 8 FA ROI'FAN MA /i7\/-;7N >- 4 FRANKFURT share prices on Thursday felt In low turnover, partly on disappointing order figures released on Wednesday. Deutsche Bank fell three marks, leading banks lower. The major banks have all reported improved operating profits last year, and dealers were unable to explain523 words
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Article234 1978-04-15 8 APR 13 Dm Aef-Telefunken 88 SOB Alczo 24 20B -0 1 AllzLeben 625 ♦5 Alii Vers 485 -J BASF 137 70B Bay H T Wbank 287 •1 Bay Vbank 321 •1 Bayer 140 80B BBC 293 -1 5 BMW 220B Cassella 366 ♦5 ChemVerw 244 -05 Cominerzbank 236 80234 words
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Article226 1978-04-15 8 APR 11 FIs ABN Ahold Akto AMEV Amfas Amrot Bank Bergoss Berk Bols BorsumlJ Burhmann Byenkorf Calve Delft Dell MIJ Ennla Fokker Ford Oamma Oelder 354 00 105 30 26 00 83 00 111.00 74.60 56 00 87 00 70 20 146 0O 66 70 87.70 171 00 128226 words
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Article68 1978-04-15 8 FINANCIAL TIMES INDUSTRIALS Thursday 452.9 Wednesday 400 2 Week Ago 471.4 DOW JONES AVERAGE INDUSTRIALS Thursday 755.21 Wednesday 766 29 Week Ago 763.95 LONDON DOLLAR PREMIUM Thursday 104* to 105 Wednesday 102*4 to 103* H.K. HANG SENG Friday 436 96 Thursday 442.13 Week Ago 447.17 SYDNEY INDUSTRIALS Friday68 words
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Article179 1978-04-15 8 APR 1) Francs Actions Sulsaes Alusulsse Br Alusulsse Reg. Brown Bovert Br Clba Gelgy Br. ClbaGelgy PC Clba Oeigy Reg. Credit Suisse Br Credit Suisse Reg Elektrowatt Br Oeorge FUcher Br Globus Pc Hero Br Hoffman-La Rochel/10 Holderbank Br Interfood Br Jelincrii Br Motor-Columbus Nestle Br Nestle Reg Oerlikon'179 words
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Article317 1978-04-15 8 SHARE prices closed higher in active trading, with the composite index up more than 3-1/2 points and communications. transportation and real estate posting double-digit index gains on Thursday. Advances outnumbered declines 218 to 214. Canadian Curtlss-Wright added three cents to 60 cents on higher first-quarter earnings while Madeleine Mines,317 words
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Article91 1978-04-15 8 APR 13 FT* FORWARD MARKET Acec 244 Arbed 2170 -30 Astur 570 ♦2 Brascan 435 -2 Bru-Lamb 1535 20 Canpac 480 +5 Cock 354 -e Df Beers 160 Ebes 2330 -20 Electrobel 8260 -80 Gb-Inno-Bin 2125 unch Ciev 1370 -18 Hobok 2435 unch Petro 4160 -20 Ryl Dutch 185091 words
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Article292 1978-04-15 8 APR 11 Fr» CORBEILLE Alr-Llqulde B S N Gervals Oanone CSF (ThomsonCsf) Cle Francaise des Petroles Compagnle Financlere Compagnle Generate Credit Foncler De France Hachette (Ubralrle) Machines Bull Mlchelin(B) Paribus Pechiney Clgine Kuhlmann Peugeot Philips <Nv Gem Bezit) Prlntemps S A Rhone-Poulence SA Royal Dutch SueaCle Finan De) Thomson-292 words
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Article1655 1978-04-15 8 April 13 VOLUME on the Chicago Board Options Exchange came to 150,804 contracts on Thursday compared with 126,161 on Wednesday. APL JLY OCT STOCK Alcoa Alee* Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am1,655 words
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Article99 1978-04-15 8 APR 13 Lire Ante 101 1 Assoc Gen ***** +90 BiiStogl 417 -6 Centrale 3355 -35 Flat 1920 50 +3.5 F insider 73 -1 Gen Iinmob 78 -1.25 IFlPri 2080 -10 Italceinenti ***** -45 Italgas 621 ♦3 Ilalsider 129 ♦2 Magneti M PI 418 -I Marelll Ere 200 +599 words
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1359 1978-04-15 8 NEW YORK BUOYED by a flood of favourable corporate earnings reports and a Jump In early April car sales, the stock market finished sharply higher across the board In the heaviest trading session this year on Thursday. The Dow Jones industrial average, which retreated 7.381,359 words
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Page 8 Advertisements
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Advertisement120 1978-04-15 8 For a Successful BANKING Career il.l l PI A fcRA MA SCRI NET i study with Wolsey 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 the Banking120 words
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INTERNATIONAL COMPANY NEWS
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686 1978-04-15 9 NORTH AMERICAN COMPANIES Reuter INTERNATIONAL Business Machines Corporation, the largest US manufacturer of business machines, reported relatively flat corporate profits for the first quarter. Wall Street analysts called IBM's results "Disappointing," but were not particulars concerned about the outlook for the company for the fullReuter - 686 words
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Article140 1978-04-15 9 Reuter WILSHIRE Oil Co of Texas said it completed a significant oil discovery in its Rainbow South area of Alberta, Canada which indicated an open flow potential from three zones of 10,800 barrels of 42 degrees gravity oil per day. The discovery, in which WilshireReuter - 140 words
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Article63 1978-04-15 9 THE famous Abercromble and Fitch name, which vanished from the merchandising world last year after a century, will be revived by Oshmans Sporting Goods. Inc. Oshman's president Albert Lubetkln said on Tuesday his company had arranged to buy the name and A and F trademarks from the63 words
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171 1978-04-15 9 INTERNATIONAL Paper Company, the largest US paper manufacturer, reported a 19 per cent increase in profits for the first quarter and a 13 per cent rise in sales. The company attributed the gains to increased demand In the marketplace for its products and tight171 words
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291 1978-04-15 9 ASIAN COMPANIES AFP TOKYO-'Flve major steel makers, Including the world's largest Nippon Steel, and six shipbuilders hit by the protracted business slump offered the smallest payhike to their workers in 20 years. The steelmakers offered an average 4.24 per cent or 7.000 yen raise aAFP - 291 words
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320 1978-04-15 9 Reuter MELBOURNE: The recently announced contract for the supply of Bougainville copper concentrates to China provides for deliveries of 20,000 tonnes in 1978 and 22,000 tonnes in each of the two following years, Bougainville Copper Ltd chairman Frank Espie told the annualReuter - 320 words
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84 1978-04-15 9 SYDNEY: The Japanese Electricity Authority (EPDC) will Join a major steaming coal-mlnirtg venture north-west of Sydney, the New South Wales Minister for Mines and Energy announced on Wednesday. Minister Pat Hills said the project at Mount Arthur, 150 km north-west of Sydney, would guarantee sales84 words
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Article83 1978-04-15 9 BRITISH Airways Is trying to raise the number of business travellers It carries and the revenue It earns. Its targets Is revenue of C6OO million, or 48 per cent of total revenue world-wide In this financial year. This represents an 18 per cent rise on 1977-78. The airline83 words
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Article27 1978-04-15 9 Reuter TOKYO: Nippon Mining Co Ltd said it cut Its domestic selling price of electrolytic copper to 320,000 yen per tonne from 330.000. effective immediately. R«uterReuter - 27 words
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Article134 1978-04-15 9 UPI FORD Motor Company will soon start selling in Australia and other Oceania nations, small -size trucks manufactured by Japan's Toyo Kogyo car company, the Asahi Shlmbun newspaper said on Wednesday. A Toyo official, however, could not confirm the newspaper report. Asahl said the trucks carry theUPI - 134 words
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Article237 1978-04-15 9 TOKYO: One of Japan's leading supermarket chains, Jusco, showed a 25 per cent rise In sales and a 37 per cent'lncrease In net profits In the year to February 1978. The company, which began to borrow internationally from 1977, has therefore announced that It will237 words
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Article154 1978-04-15 9 Reuter ADELAIDE: Chrysler Corp is prepared to back its listed Chrysler Australia Ltd (CAL) unit with further funds up to US$l5 million In 1978 If necessary, CAL said In its 1977 annual report. (CAL made a $27.8 million loss In 1977 after a $2.14 millionReuter - 154 words
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Article96 1978-04-15 9 SYDNEY: Striking Broken Hill Pty Co Ltd (BHP) Ironworkers at the Port Kembla steel works voted to strike until BHP withdraws dismissal notices against 28 men, Industry sources said. They rejected a state Industrial court recommendation that they return to work and left further decisions to a96 words
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254 1978-04-15 9 TOKYO: US and Japanese officials discussed terms to allow Japanese production and use of two US military E lanes, the McDonnell ouglas F-15 Eagle Jet and the Lockheed P-3C Orion anti-submarine plane. Government sources said the negotiations followed approval by Parliament earlier254 words
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190 1978-04-15 9 WESTINGHOUSE Electric Corporation said it will begin marketing a halogen car headlight, which is also known as a quartz headlight, as soon as the Department of Transportation drops its long standing opposition to the lights. The department has recently indicated its Intention to allow190 words
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Article131 1978-04-15 9 BONDS AND LOANS Reuter MANILA: The Asian Development Bank (ADB) and an International banking syndicate headed by Deutsche Bank A.0., as manager, have signed an agreement for a new 100 million marks issue of Asian Development Bank bonds In West Germany. Equivalent to approximately US$5O millionReuter - 131 words
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Article96 1978-04-15 9 Reuter OSAKA: Nagase and Co Ltd said it signed a contract with Credit Suisse for a 30 million Swiss franc convertible bond private placement. The seven-year bonds will carry a coupon of 3-7/8 per cent and be convertible Into common shares after June 1, It said. InReuter - 96 words
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Article78 1978-04-15 9 Reuter BAHRAIN: Gulf Air, the airline owned by Bahrain, Oman, Qatar and the United Arab Emirates. Is arranging a US$4O million seven-year floating rate loan to finance the Surchase of three Boeing 37 aircraft, Gulf International Bank said here. Agent for the loan from 21 banks atReuter - 78 words
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Article61 1978-04-15 9 Reuter DUESSELDORF: The Province of Quebec is raising a 150 million mark 12year Eurobond at 6 per cent, a spokesman for lead manager Westdeutsche Landesbank Girozentrale said. The bond will be redeemed in six annual stages after six years of grace, and has an average life of 9-1/2 years.Reuter - 61 words
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425 1978-04-15 9 EUROPEAN COMPANIES FRANKFURT: Bayer The last of the West German chemicals industry "Big Three" to report disclosed that the parent concern's pre-tax profits last year fell by 13.5 per cent. Group world pre-tax earnings dropped by 15.4 per cent. The setback suffered by425 words
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224 1978-04-15 9 Reuter LONDON: Babcock and Wilcox said it Is starting 1978 with a stronger base but there Is no reason to believe the year ahead will be any easier than the past two. Earlier, the company reported 1977 pre-tax profit increased to C 32.28Reuter - 224 words
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Article191 1978-04-15 9 Reuter FRANKFURT: Deutsche Bank AO announced consolidated group 1977 net profit of 408.0 million marks (440.0 million), after tax of 532.0 million (455.2 million). Operating profit rose 23.4 per cent after falling 12.3 per cent in 1976 but no totals were given. Parent company's net profit was 282.8Reuter - 191 words
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531 1978-04-15 9 AMID the spate of comButer announcements of le past few weeks, disclosure by ICL of the illkept secret that it had developed and was operating a different type of computer from those in use at present could easily go unnoticed. But this unit531 words
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Article160 1978-04-15 9 PLESSEY Telecommunications has won a fiveyear contract estimated to be worth C 5 million for the supply of electronic private automatic branch exchanges (PABXs) to the National Telecommunications Company (NTC) of Libya. Among the PABXs being supplied are small business telephone systems of up to 32160 words
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Article221 1978-04-15 9 Reuter LONDON: British Leyland Ltd said it has agreed with Britain's state holding company, the National Enterprise Board (NEB), to underwrite a rights issue of 898 million ordinary shares at 50p each, to raise €449 million. Basis for the rights issue Is 17 new ordinary sharesReuter - 221 words
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Article97 1978-04-15 9 AP DE BEERS Consolidated Mines and Botswana announced the development of a large diamond pipe discovered by De Beers at Jwaneng in the southern region of Botswana, it was reported on Tuesday. The mine will be developed as a Joint venture of the governmentAP - 97 words
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Page 9 Advertisements
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Advertisement147 1978-04-15 9 »£>\»£>Ts«£>t»£>®»£> IHI 1 '■'J t RH A <:' a A iJT yl i? V «sr»- J 1 y m v: This book comprises a mouthwatering selection of over 200 recipes for alt the family. H is illustrated throughout in colour, with step by step photographs to guide you through the147 words
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Article2444 1978-04-15 10 1978 Hi«h Low Company Lut Sale +«rGr'a Div DW Crr Gr'a YH Net P/E Vol ewe) Day Hfeh Low 8ECTION ONE INDUSTRIALS 181 213 136 300 72 V, 247 J83 322 418 146 132 123* 112 260 60 V, 191 144 256 394 123 Acma Alcom Allied2,444 words
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Article1596 1978-04-15 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 speC W INDUSTRIALS Atom (IMB 1 978) (2) 1.96 XALL. Alt* Hald1,596 words
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Article1412 1978-04-15 10 810 And offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All TUne Settlement Contracts are quoted after the world "sett". Big Board1,412 words
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Article127 1978-04-15 10 4 3/4% 1/5/79 (250.000) (101.10S) 5 1/4% 15/10/79 (250.000) (101.358 101.555) 4 3/4% 15/9/80 (250.000) (100.108 100.258) 5% T F 15/4/81 (250,000) (102.958) 5% T F 1/5/83 (250,000) (100.40B) 5 3/4% T F 15/6/81-84 250.000) (102.80S) (4) 102.75 (4) 102.77 7 1/4% 15/4/86 (250,000) (100.70B) 7 1/4% 15/10/86127 words
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Article57 1978-04-15 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (June $2.20) (1.02B) Inchcape (June $1.90) (0.095) (4) 0.08. Sime Darby (June57 words
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Article147 1978-04-15 10 SINGAPORE UNIT TRUST INCOME BOND UNIT Muuim pnc* far April 17) ICuml prion) The Commerce 1.90 2.03 INCOME BOND 1.04 1.10 The Saving Fund 1.11 1.17 S pore Prof Fund 8'pore Security Fund 0.90 0.96 MARA BUMIPUTRA FUNDV 1.73 1.S3 INtiiin prin First Bumlputrm tar April 17 2-S2147 words
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Page 10 Advertisements
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Advertisement591 1978-04-15 10 CM •*9r«v fwitl wTt t :c A*. >*+ &r£sk om' W tm A ■.y\ <£ m y 6 SSI ri W Orchard Bowl, S'pore f. Tel: *****2 408/407 Havelock Road, S'pore 3. Tel: 4SSMI Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic591 words
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Article, Illustration912 1978-04-15 11 SINGAPORE A BEAR raid on Mcood liner Pwak Carbide right from the opening bell brought the counter down by 25cents or 34 per cent from its previous closing at the height of selling on the Stock Exchange of Singapore yesterday. It was sparked off by912 words
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570 1978-04-15 11 IT was another lacklustre session on the Kuala Lumpur Stock Exchange yesterday with prices wavering on an erratic note. Following Thursday's hesistant mood, opening prices reflected a mixed trend. With little In the way of stimulating news to galvanise sentiment, the market continued to drift570 words
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COMPANY NEWS
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Article770 1978-04-15 11 MANO SABNANI - By MANO SABNANI WHISPERS in the investment community that locally quoted hotel companies are reaping substantial profits from the ongoing tourist boom are beginning to bear fruit, judging by the results released so far. Barely a few weeks after revelations of vastly Im- roved performance by770 words
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Article726 1978-04-15 11 Cw i—i Ei Beaks Data Total Ibr T^allbr payamat Date dm payable the year Malayan Tta Kuala Sidim Rub. TrwMkMlMa 45 HI SHI SfH<ii) Mar 22 Mar 29 Mar 21 Apr 4 Aprs Aprs Apr 14 Apr IS Apr 17 4SH 5% 88% 1SS.SH S.7SH(a> 39 8% 418.SH726 words
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Article905 1978-04-15 11 ARTHUR NG - By ARTHUR NG THE Stock Exchange of Singapore is pressing hard the Goodwood Park Hotel group of companies for more details on certain items in their recent annual reports. Thoroughly dissatisfied with their evasive answers given in earlier replies, the Exchange now tells the parent and 52.24905 words
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Article367 1978-04-15 11 Ajinomoto (M) Bhd: AGM to be held at 6Vi miles, Slmpang Salak, South Baharu, Kuala Lumpur, at 9.00 a.m. on April 25. National Iron and Steel Mills: AGM to be held at the board room of Development Bank of Singapore Ltd, DBS Building, 6 Shenton Way, at 2.30367 words
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LATEST RESULTS
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Article45 1978-04-15 11 Net profit $6.56 million ($11.74 million) for the year ended Dec 31, 1977. Sales proceeds $610.28 million ($505.74 million). Final dividend 7.5 per cent (12.5 per cent for the whole of last year after adjusting for a one for one scrip Issue).45 words
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34 1978-04-15 11 Loss $27,862 (127,239) for the haTf year ended Mar 31, 1978. Net worth $179,292 ($219,000) which Is equivalent to a net asset backing per share of 1.25 cents (1.5 cents).34 words
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Article23 1978-04-15 11 Group pre-tax loss $1.06 million ($2.40 million) for the year ended Dec 31 1977. Sales proceeds $20.07 million ($15.66 million).23 words
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Article28 1978-04-15 11 Group pre-tax profit $8.52 million ($9.38 million) for the year ended Dec 31, 1977. Group turnover $66.76 million ($80.35 million). Final dividend 10 per cent (same).28 words
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Page 11 Advertisements
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Advertisement167 1978-04-15 11 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL167 words
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718 1978-04-15 12 RONNIE LIM - MARKET POTENTIAL GOOD iy RONNIE LIM THE OFFICIAL opening yesterday of Vac-Hyd Processing Singapore's $2.5 million aerospace plant In the new Loyang Industrial Estate, marks another chapter In Singapore's aerospace Industry. The Joint venture between Vac-Hyd of West Germany and the Economic Development Board718 words
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691 1978-04-15 12 Agencies MILDER weather and a coal strike settlement helped push up US industrial production 1.4 per cent in March for the biggest increase in a year, the Federal Reserve Board reported yesterday. Coupled with a revised 0.3 per cent rise in February, the latestAgencies - 691 words
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Article466 1978-04-15 12 Reuter THE US Treasury Department estimated the Disc tax break boosted US exports by US$2.9 billion (556.7 billion) at a loss in revenue to the government of $1.2 billion for the 12-month period ending June 1976. The report, which covered the fourth full year of the taxReuter - 466 words
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Article786 1978-04-15 12 LONDON. Frl Prices closed easier witn activity subdued ahead of the UK trade figures expected later today, dealers said. At 3 pin the FT index was down 4.0 to 448.9. Government bonds ended unchanged to W easier having been as much as point higher earlier In the day,786 words
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Article302 1978-04-15 12 AP THE United States is sticking to its policy of the dollar fend for itself on foreign exchange markets. US Commerce Secretary Juanita Kreps said yesterday the dollar's continued depreciation valuation in recent months "is of course reflective of the true Imbalance of ourAP - 302 words
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129 1978-04-15 12 THE various Asean cooperation projects will be scrutinised by leaders of the private sector of the five countries next week. A series of meetings, organised under the auspices of the Asean Chambers of Commerce and Industry will be held in Jakarta. Malaysia would be fully129 words
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257 1978-04-15 12 GERMANY'S Deutsche Bank, the world's third largest, ia planning to open an office in Singapore. It may either be an offshore branch or a merchant bank. Deutsche of Frankfurt, however, is not a newcomer here. It Is a partner in European Asian Bank, a consortium257 words
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Article63 1978-04-15 12 Reuter BUSINESS executives from the Pacific Basin Economic Council (PBEC) will meet in Manila for four days starting May 7 to discuss trade and investment growth In the region. A conference spokesman said topics to be discussed during the plenary sessions include trans-national investments and businessReuter - 63 words
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Article, Illustration422 1978-04-15 12 COLIN CHEE - •y COLIN CHEE TWO SWEDISH engineering companies are studying the possibility of setting up manufacturing operations in Singapore and elsewhere In the Asean region within the next 12 to 18 months. The decision to invest in Singapore or not will be taken at the422 words
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359 1978-04-15 12 MALAYAN Plant (Pte) Ltd. of Singapore, yesterday lost its appeal against a High Court Judgement ordering the company to be wound up for insolvency. The company is said to be owing Moscow Narodny Bank $8,092,088 plus accrued interest. The order against Malayan Plant359 words
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Page 12 Advertisements
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Advertisement274 1978-04-15 12 Leader Page 6 Why do Asia's most successful businessmen read The Journal Because succeeding in business is what Thejournal's all about. The Asian Wall Street Journal is a business tool, designed to be used by people who make business decisions every day, and who need all the information they can274 words