The Business Times, 9 May 1978
1978-05-09
1
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The Business Times
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Title Section10 1978-05-09 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, MAY 9, 1978 50CENTS10 words
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BRIEFLY...
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Article52 1978-05-09 1 AFP BANGKOK, Mon. Japanese Foreign Minister Sunao Sonoda will attend the foreign ministers meeting of Asean next month, Thai Foreign Minister Upadlt Pancharlyangkun disclosed today. Dr. Upadlt, who Is chairman of the Asean Standing Committee, denied reports that there were plans for the Australian Foreign Minister toAFP - 52 words
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Article58 1978-05-09 1 Reuter HONGKONG, Mon. Hongkong's Trade Director Lawrence Mills has returned home after the suspension of textile talks with Norwegian officials, a government spokesman said. Mr. Mills, who returned from Oslo yesterday, said in a Joint statement, that both delegations concluded with regret that It was not possible toReuter - 58 words
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Article70 1978-05-09 1 AP TAIF, Mon. Ahmed Yamanl, Saudi Oil Minister, said yesterday that there is no direct linkage between his country's oil policy and the planned sale of 60 F-15 fighter Jets to Saudi Arabia by the United States. But he said it would be naive to think thatAP - 70 words
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Article67 1978-05-09 1 Reuter BRUSSELS. Mon. Nobuhlko Ushiba, Japan's Minister for External Economic Affairs, Indicated to senior Common Market officials that a Japanese company will buy European aircraft, an EEC spokesman said today. Mr. Ushiba, who met Wilhelm Haferkamp, EEC External Affairs Commissioner in Hamburg to brief the EEC on lastReuter - 67 words
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Article84 1978-05-09 1 Reuter HONGKONG, Mon. Chinese workers are now being paid for skill and performance a wage system disrupted by the extremist "Gang of Four", the New China News Agency said today. The agency, described current wages as being "primarily on a time-rate basis supplemented by piecework pay and bonuses."Reuter - 84 words
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Article76 1978-05-09 1 AP LISBON, Mon. Portugal announced today a significant widening of its trade deficit in the first three months of this year but Prime Minister Mario Soares said he Is confident that the country can pay Its bills with the help of US$BOO million (551.85 billion) in newAP - 76 words
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Article53 1978-05-09 1 THE three-day work-to-rule by some 770 employees of Union (S) ended last Thursday after a foreman of the company apologised to a SILO (Singapore Industrial Labour Oorganlsatlon) official for his rude behaviour. The SILO official received nasty and Indifferent treatment when he Inquired about an employee's grievances, said53 words
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Article65 1978-05-09 1 UPI NEW YORK, Mon. Stocks headed higher early today as Institutions, encouraged by the dollar's strength on European markets, pushed their buying stampede into a fourth week. Trading was heavy. The Dow Jones Industrial average, which rose 4.68 points on Friday, was ahead 4.42 points to 833.50 aroundUPI - 65 words
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Chief Price Changes
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Article128 1978-05-09 1 Rises Most active O C B C 690 Public Bank 260 MUI 190 Shangri-La 360 Dutch Baby 178 C*C 380 Pacific Dev 300 Perli* Plant 247 Fed Cable* 142 Perak Carbide 75 Robinson 250 Falls Fujitec 776 Lien Hoe 168 Mega Chem 166 FftN 454 Sin Chew128 words
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Article, Illustration162 1978-05-09 1 Rises Most active Cast Wield 12.00 .50 F. Merlin 745.000 A Hitam Tin 9.50 .30 Tganu Dev 557,000 Malayan Tin 10.30 30 B. Ray a 445,000 F Cable* 1.50 .20 Pahang Cons. 428,000 Berjuntai 8.00 .20 M U Ind 1.95 .18 Total Turnover: 7.54 m Dutch Baby162 words
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1387 1978-05-09 1 RONNIE LIM - GSP IS NOT PERMANENT «y RONNIE LIM THE ELECTRONICS Industry faces greater challenges ahead, with the Republic beginning to lose the advantage of abundant low-cost labour. Another serious consideration It faces Is that the trading advantage currently accorded by the EEC1,387 words
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Article178 1978-05-09 1 Reuter THE THAI Commerce Ministry yesterday announced that it has reintroduced the quota system for rice shipments to Thailand's three traditional markets: Hongkong. Singapore and Malaysia. The quota system is to ensure that these regular markets of Thai rice can get steady supplies. The monthly quotas starting fromReuter - 178 words
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1017 1978-05-09 1 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE will become a more "open economy" on June 1 when the Government dismantles the 40-year-old system of exchange control, bringing In Its train, a free flow of funds and with local Interest rates, exchange rates and1,017 words
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226 1978-05-09 1 Reuter AFP THE EUROPEAN Centre for Economic Cooperation yesterday expressed its willingness to help strengthen the economic base of Asean. Centre president Olivier Giscard d'Estaing said, "As an economist, I believe we should help develop the economic capability of the Association ofReuter; AFP - 226 words
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445 1978-05-09 1 INTERNATIONAL Harvester's Pay Line Group will start work on Its parts depot In Singapore this year. The depot here marks the latest In a number of moves by Pay Line to establish Singapore as the hub of Its Asian-Pacific operations, said Mr.445 words
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Article100 1978-05-09 1 AP US Treasury Secretary Michael Blumenthal announced yesterday he has named a permanent task force that will study ways of Insuring there are adequate funds to Invest In American business In years ahead. He said there are dangerous signs of underinvestment and mlslnvestment in the economy, with anAP - 100 words
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Page 1 Advertisements
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Advertisement42 1978-05-09 1 FESCO LINES FOR YOUR CARGO REQUIREMENTS they'll do Mm ro«t Agent Singapore Soviet Shipping Co Ltd sth Floor, For Eastern Bonk Building 156 Cecil St.. Singapore 1 Cobles "SO SI AC LINE" Telex RS ***** Tel *****33 (7 lines) SEE BACK PAGE42 words
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Advertisement42 1978-05-09 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant J tej jEll HEFIRV nnc RCEnCIES PTE ITO JJ tf'jG •'.EE SiA' <.iMi;aPriP( -i APOHE »<>?••; BRUNEI AGENT RELIANCE DISTRIBUTORS 144 8 JALAN CHEVALIER.BANDAR SERI BfcGAWAN. BRUNEI TE L *****42 words
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Advertisement62 1978-05-09 1 SHIPPING TIMES HOW to penetrate US BETTER perspective of Amu electronics market 2 after IBF 7 GROWING wSkNaTsin*«pore 2 7 WEST h»m«| out their yards 5 HOTEL Merlin saves UOL's LIFE-time-job ideal takes a Ji knock 6 BUYING spree at Asean fair 12 MEMOPAD 2, CROSSWORDS 2, AIRCRAFT SCHEDULE 5.62 words
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Advertisement328 1978-05-09 1 U-BIX COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE T« *****4 (5 Lines) APS ELECTRONICS (M) SON BHD KUttA LUMPUR Tel 03-*****0 SEE BACK PAGE Windmills? Certainly. But did you know that in KLM s Holland the windmills can actually talk? K* V £8 ss M A V v~ m328 words
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TRADE AND INDUSTRY
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790 1978-05-09 2 RAHIM KASSIM - By RAHIM KASSIM THE SINGAPORE electronic Industry Is exploring the possibilities of Increasing its share In the American, European and Australian consumer markets. Industry representatives are now attending a fiveday workshop on export development of consumer electronic products to the US organised by790 words
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Article311 1978-05-09 2 JOHN LIM - »y JOHN LIM WILD (S) Pte Ltd, which manufactures precision instruments here, is investing another $1 million to upgrade Its products and to Increase capacity. Additional machinery will account for the major portion of the Investment this machinery will be imported from either Germany or Switzerland,311 words
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288 1978-05-09 2 BINGAPORE is lagging behind South Korea ana Hongkong in its exports of electronic products to the UB. The deputy director of tho Department of Trade, Mr. Tan Song Chuan, snid this in his opening address at the workshop on export development of consumer288 words
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461 1978-05-09 2 AFTER much delay, the Tourist Development Corporation (TDC) of Malaysia has submitted to the Ministry of Trade and Industry a draft legislation aimed at registering and regulating the activities of tour and travel agencies. The proposed legislation TDC (Registration and Control of Tourist Agencies)461 words
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297 1978-05-09 2 Reuter AUSTRALIA'S rice exports from the 1977/78 crop now being harvested should be about 270,000 tonnes (milled). Rice Growers Cooperative Mills Ltd Reneral manager, Nell onaldson said In Lee ton. New South Wales. The forecast Is slightly up on Mr. Donaldson's [irevlous estimateReuter - 297 words
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Article141 1978-05-09 2 HONG LEONO Finance has mooted a new form of hire purchase for consumer foods called consumer lnanclng. It works this way: a person buys goods at cash price from retailers but pay to the finance company on monthly Instalments (plus Interest). For the consumer, It means the finance141 words
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Article131 1978-05-09 2 A HANDBOOK of Information on planning procedures, requirements and guidelines for the benefit of the public applying for planning permission has been Issued by the Development Control Division of the Public Works Department. The handbook, the first by the DCD, will help expedite the processing of131 words
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Article, Illustration185 1978-05-09 2 FIRST National Bank in pallas has announced the relocation of its Asia/ Pacific regional office from Singapore to Its head office In Dallas effective June 1. The bank's Asia/ Pacific regional head and senior vice president, Mr. J.R. Hudspeth will leave <wi Friday for a business tour185 words
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Article235 1978-05-09 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24 May 13 Middle Management Course SITC SITC May 6,13 and 20 The Effective Secretary SIM SIM May 8-9 Finance for NonFinancial Managers Hilton Price Waterhouse May 8-9 Essential Management Skills Hilton Consulasla May 8-9 Analytical Marketing Management SIM SIM235 words
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Page 2 Advertisements
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Advertisement263 1978-05-09 2 Why is The Journal H the most expensive daily newspaper in Asia Because we spend more money on making it the best daily source of Asian business news. Ihe Asian Wall Street Journal is the only regional Which is a very expensive proposition. But as it publication that provides Asia-wide263 words
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Page 2 Miscellaneous
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Miscellaneous613 1978-05-09 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Tradesman, novice and allround athlete 7 Main boat wreck area across the Atlantic (8) 8 Tasty humbug (8) 19 People commonly Interested In an ante-chamber (5) IS Explosive part of a stick. Possibly (4) 14 Is this street a short cut? (4) 15 I613 words
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OVERSEAS
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1030 1978-05-09 3 NYT THE UNITED States Treasury has been borrowing heavily from foreign nations and the home states and cities, but It is becoming clear that these two bountiful sources of ready cash will not make loans to the federal government so freely In the monthsNYT - 1,030 words
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Article278 1978-05-09 3 Reuter DANISH fishermen have threatened a fresh, expanded blockade of the country's ports this week and taxi and lorry drivers have promised to support their grievances over reduced fishing rights. The fishermen staged a five-hour blockade of Copenhagen harbour and other ports on Friday. They then withdrew,Reuter - 278 words
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Article, Illustration270 1978-05-09 3 UPI EGYPTIAN PRIME Minister Mamdouh Salem, heading a new Cabinet, has set out to achieve what may seem difficult, even impossible, to many people reforming the economy while keeping Egyptians happy. Mr. Salem, 60, reshuffled his 30-man Cabinet on Sunday and immediately pledged that the newUPI - 270 words
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173 1978-05-09 3 AFP THE HONGKONG commodity exchange marks Its first anniversary with a year-end business turnover of US$2OO million (Ss43o million). The exchange opened on May 9 last year, dealing first in cotton futures and later in sugar futures. Commenting on the performance to date, exchange chairmanAFP - 173 words
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WORLD IN BRIEF
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Article466 1978-05-09 3 Agencies VENEZUELA Is scheduled to Issue a 40 billion yen (SS36O million) bond on the Japanese capital market with an issue contract to be signed with a syndicate of Japanese underwriters here around May 12. This will be the second Venezuelan Issue In Japan following the 20-bllllonAgencies - 466 words
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235 1978-05-09 3 AP THE US government, citing national security concerns, has blocked an Ann Arbor (Michigan) firm from selling U512.8 <8*6.4 million) worth of earth-scanning equipment to China. The order, placed by the Chinese government with Daedalus Enterprises, was for equipment which would aid ChinaAP - 235 words
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Article50 1978-05-09 3 AFP r— SOME 10,000 Asian seamen stand to win higher wages If a campaign by the International Transport Workers Federation forces Western shipowners to yield. It wants wages brought up to the "flat rates" agreed with unions In Western countries where ships are registered. AFP.AFP - 50 words
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412 1978-05-09 3 CENTRAL banks may have bought gold at the International Monetary Fund auction on May 3. UK stockbrokers, James Capel said the large volume of bids at the auction totalling 3.1 million ounces, up from 1.37 million ounces in April, may reflect central bank interest412 words
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Article291 1978-05-09 3 AFP AN INVESTMENT trust boom Is reviving In Japan with stock Investment trusts leading the way amid declining Investment rates. The Investment Trust Association estimated that net assets of all trust funds Investing in stocks, bonds and convertible debentures topped 5,000 billion yen (SB5l billion),AFP - 291 words
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1269 1978-05-09 3 AP NYT AMERICAN critics of tax treaties with other countries say that foreign investors in US farmland get such good breaks they often can afford to out-bid American farmers who want to expand their holdings. An unpublished analysis by the US Agriculture Department (USDA)AP; NYT - 1,269 words
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306 1978-05-09 3 NYT THE US Agriculture Department has approved US$3B million (SsBB million) In commercial export credits to farmers and ranchers in Chile, despite the Carter Administration's avowed policy of denying aid and credit to that country until the ■military government improves its record onNYT - 306 words
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Page 3 Advertisements
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Advertisement536 1978-05-09 3 AIL TMfSC ScCUB'TICS HAVING BEEN SOLO THIS ANNOUNCEMENT APPEARS AS A MATTER OF KCOttO ONLY UNITED OVERSEAS BANK LIMITED (Incorporated in the Republic of Singapore) U.S. $25,000,000 FLOATING RATE NOTES DUE 1983 CHASE MANHATTAN Limited SALOMON BROTHERS INTERNATIONAL Limited BANQUE NATIONALS DE PARIS CREDIT SUISSE WHITE WELD Limited THE DEVELOPMENT536 words
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RAW MATERIALS
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Article392 1978-05-09 4 PRICES in the Singapore rubber market yesterday opened marginally lower and thereafter turned easier on lack of Interest and Isolated offerings. Some last minute squaring for May was noted, dealers said. The market closed slightly lower with May RSS One buyers quoted at 208.00 cents per392 words
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Article312 1978-05-09 4 R.A.S. prices In cent* per kilo yesterday: Noon (per kilo) Clow (par kilo) Int. 1 R.S.S. prompt f o b. Int 1 R.S.S. May Int. 1 R.S.S. June Int 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont Int. S R.S.S. UK/Cont. Buyers 208 25 208312 words
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Article102 1978-05-09 4 NOON SSR and SMR prices yesterday: RAN May Jume (Current Mth) (Fo. ■ward Mth) Buyer* Stllm Buyer* Seller* Icenta per kf) (cei llU per k«) SSR 20 (1-ton pallet) 198 SO 200 SON 199.50 201. SON SSR SO (1-ton pallet) 190.50 1SW.50N 197.50 199.54N M.R.E.L.B. 3MR5CV (1-ton102 words
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Article78 1978-05-09 4 THE foUowlng palm oil prices < were quoted last Friday. C.I.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Friday Pnvinu Malaysia 5* ffa bulk per tonne 571 sir July 575 sir Sumatra 5H ffa bulk May unch 830 sir June 60Sslr/595pd SOOslr July78 words
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Article29 1978-05-09 4 Rubber: May 8 Singapore: May 206.50 cent* (down three cent*) Malaysia: May 213.00 cents (down 0.50 cents) Tin: MSI.MS (unchanged) Official ottering: 275 tonne* (up 57 tonnes)29 words
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Article206 1978-05-09 4 THE sugar futures market closed US 0.05 cents higher to 0.10 cents lower in quiet trading, with 20 lots traded against six last Friday. Dealers said trade house selling at the beginning stimulated aggressive commission house selling, which was offset by scattered buying. Hongkong dally spot sugar price206 words
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Article194 1978-05-09 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yin: China Blue Phoenix 20s 1,770. 3252.120.40*2.200. (per bale of 400 Itw). Piece Good*: China Butterfly and Globe Brand unq, Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq. (per piece 36 inches by 40194 words
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Article224 1978-05-09 4 ALL PRICES on the Singapore produce market yesterday were unchanged over the weekend in quiet trading. There was a lack of overseas inquiries as the major Western markets were still closed for the weekend. Interest here was also on a low level with dealings done mainly on switching224 words
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Article158 1978-05-09 4 ROBUSTA futures in London yesterday ended the morning opening call "barely steady" £16 to £35 per tonne lower from last Friday. 324 lots were traded. Values eased on commission house liquidation with spot May only £16 down at a mid-price of £1,557 on fears of possible end-month tightness. Dealers158 words
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Article82 1978-05-09 4 TERMINAL cocoa yesterday Llnished a short first call unchanged to £8.50 per tonne higher In London from Friday, having gained C 13.50 against New York. Dealers said the call was featured by commission house liquidation. Origins were above the market, dealers said possibly at around Friday's highs. They said82 words
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Article74 1978-05-09 4 SUGAR futures yesterday morning opened L 0.70 to 10.85 higher on Friday afternoon closing levels In a turnover of 324 lots Including one option. Dealers said, in the absence of fresh news, prices moved higher on short-covering in an over- sold market with easiness of sterling against the dollar74 words
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Article122 1978-05-09 4 THE Straits tin price In Penang yesterday was unchanged at M 51.065 per plcul on an official offering up 57 tonnes to 275 tonnes. With Saturday's rise and lack of fresh news from overseas, this resulted in a steady market. Some US and local buying was reported. In122 words
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Article208 1978-05-09 4 BANGKOK rice prices were quoted as follows yesterday: (U8 dollar* per tonne FOB basis Bangkok): White Rice: 100 pet Ist class 442. 100 pet 2nd class 427.100 pet 3rd class 422 .5 pet 413. 10 wt 400. 15 pet 392. 20 pet 387. 25 pet 377, 35 pet unq.208 words
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493 1978-05-09 4 PHELPS Dodge Corp chairman George Munroe said he expects supply and demand for copper to have a more realistic relationship this year. Positive factors so far, he told the annual meeting in New York, are that copper production from some of the less developed countries493 words
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Article252 1978-05-09 4 Reuter PENINSULAR Malaysian crude palm oil production dropped to 80,042 tonnes in January from 95,158 tonnes (revised) in December and 86,157 tonnes in January last year, preliminary Statistics Department figures show. Total production last year was 1.47 million compared with 1.26 million in 1976. Crude palm oilReuter - 252 words
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206 1978-05-09 4 Reuter PERU'S Imports of soybean oil may reach 100,006 tonnes this year, against the 60,000 Imported last year If fish oil production drops the forecast 40 per cent. The US Agriculture Department (USDA) in a field report from Lima, said Peru may alsoReuter - 206 words
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Article131 1978-05-09 4 Reuter AN OFFICIAL spokesman of Brazil's Rubber Administration denied overseas reports that a Brazilian firm had contracted imports of 10,000 tonnes of rubber annually from Nigeria. All rubber imports must be authorised by the Rubber Administration, an official government agency. But director Americano Do Brazil GomesReuter - 131 words
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Article71 1978-05-09 4 Reuter A 20-member Chinese delegation will visit Tokyo this month to discuss possible purchases of Japanese synthetic fibre plants. The Japan-China Association on Economy and Trade said the mission, led by Wang Jul-tlng president of China's Chemical Fibre Corp will lnSect fibre plants during a ree-week visitReuter - 71 words
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Article237 1978-05-09 4 THE kllobar In the Singapore market yesterday opened at 5513.028, and drifted to a low of $12,998. The market, however, firmed in the afternoon to close at $13,012. In the London market, the metal opened at U*****.10/40, off 90 cents from Saturday's closing. The market then touched a low237 words
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Article90 1978-05-09 4 COPPER wlrebars yesterday finished the morning show gains of £3 per tonne In London. Values gave ground on the pre-market, despite easier sterling against the US dollar, under scattered liquidation in the absence of fresh outside demand. Three months traded down to C7Ol per tonne. Dealers said the lower90 words
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Article53 1978-05-09 4 LEAD yesterday finished the morning with all round losses of £2 per tonne In London. Prices eased on the premarket in sympathy with the trend in copper, but short-covering subsequently recouped most losses. Three months eased to 1303 earier but briefly recovered to £308 In the ring. Sales were53 words
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Article50 1978-05-09 4 ZINC was down £1 for cash and unchanged for three months in London yesterday morning. The metal was fairly subdued and followed the movements In copper and lead. Three months fell to £303 In the pre-market. but worked back to £307 In the ring. Sales were only 1,000 tonnes.50 words
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Article513 1978-05-09 4 FT FROZEN chickens and a state-run oil conglomerate are unlikely partners but Interbras, the trading company of Petrobras, Brazil's national oil concern, has discovered that the poultry business is big, and growing bigger each year. Interbras' sale abroad of 12,828 tonnes of frozen chickens (compared withFT - 513 words
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MONEY AND EXCHANGES
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Article438 1978-05-09 4 YESTERDAY S foreign exchange market saw the US dollar gaining against most major currencies. Gaining ground all the way against the mark, the US dollar reached 2.0840/55 after London opening. It started Its climb with 10 to 20 points at noon, after opening at 2.0755/65. The US dollar438 words
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Article219 1978-05-09 4 Asian CD rates ASIAN currency deposit rates as at close on May 8 interbank US Dollar* (Spot) Offer Bid 7 days 1 mUi 2 mths 3 mths 6 mths 9 mths 12 mths .71/2 .7 5/8 .7 3/4 .7 7/8 8 3/16 83/16 81/4 7 3/8 71/2 7 5/8 7219 words
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Article51 1978-05-09 4 RANGE of prices offered by discount houses on May 8 Overnight 2* to 3%H Call deposits 3%H Closing Buying Selling 3-month Treasury bills 3 1/4 3 1/8 3-month Bank bills 4 7/8 4 3/4 3-month CD 5 4 7/8 6-month CD 5 3/18 S 1/1* Source: National Discount Co.51 words
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Article21 1978-05-09 4 THE average rate at which Singapore bank* are currently prepared to lend to their best customers is 7 per cent.21 words
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Article145 1978-05-09 4 Euro rates PERIOD Eurodollar deposit rates yesterday opened firmer where changed, reflecting the higher Fed funds rate of around 7-5/16 per cent on Friday, and the Increase in the weekly US money supply figures last week. Periods were around 1/16 higher where changed although one month was adjusted lower for145 words
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Article60 1978-05-09 4 AUSTRALIA/NZ exchanges quoted on May 8 AUSTRALIA: US dollar 1 1351/1 1303 Sterling 0 8232/0 6181 Ninety-day air mall buying rates: Sterling 0 8423 US dollars 1 IM3 Ninety-day forward buying rates Sterling 0 6296 US dollars 1.1313 NEW ZEALAND Sterling Q 5553/0 5522 U8 dolUfr 1.0176/1 0070 Nlneljr-day60 words
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Article40 1978-05-09 4 FRANKFURT exchanges opening quotes on May 8. US 2.0*20/30 Can 1 M«5 8515 Sl* 3.797/807 Dfl 93 55/75 Sfr 105 SO/65 Mt 2 365/406 Ffr 45 00/10 Nkr 36 40/50 Bfr con 6 422/432 Bfr fin 6.41/42 Yen 0.0270/6040 words
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Article323 1978-05-09 4 THE DOLLAR yesterday started the week slightly firmer on the foreign exchange market possibly dup to news from the Informal meeting of the Organisation of Petroleum Exporting Countries In Saudi Arabia that oil prices are unlikely to rise this year. The dollar edged higher in hesitant trading to 2.0820/30323 words
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Article130 1978-05-09 4 THE US dollar for overnight delivery yesterday closed lower at 224.30 yen, compared with a 224.50 opening and 225.75 at Thursday's close. Trading was light with volume US$363 million. The dollar fell slightly In nervous late trading, following an initial decline In line with the yen's appreciation in New130 words
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Article151 1978-05-09 4 THE US DOLLAR closed firm against most currencies In active trading yesterday. due mainly to Saudi Oil Minister Ahmed Zakl Yamanl saying Opec Is unlikely to raise oil prices this year. The US unit also firmed due to slightly higher US interest rates. The US unit rose to 2.0820/30151 words
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Article363 1978-05-09 4 EUROBOND prices quoted on May 8 Straight# BM Offer Total oil stg 9 125 94 KFI slg 9 75 87 93 90.75 94 91.75 CourUulda stg •.75 89 EIB stg 9.75 92 89.75 93.75 90.75 94.75 Fisons stg 10.2587 Inco9 92 IncoB 25 84 94 97 97.82 95 97.80363 words
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Page 4 Advertisements
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Advertisement155 1978-05-09 4 m ss>VHWo o o o J RV^OSI» n BV\ n« s 1 #<* rV"/ r tjf f A tv 7 i 0* m?r*; >?Zjz> j r^Cj ♦.u \W>>" 1 This book comprises a mouthwatering selection ot over 200 recipes for all the family. It is illustrated throughout in colour, with155 words
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TRANSPORT
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851 1978-05-09 5 CHAN BONG SOO - By CHAN BONG SOO MAJOR Western shipbuilding nations are quickly realising the need for rationalisation as a means to avert a protracted shipbuilding slump. Norway and Sweden have already taken necessary steps and the Netherlands is following suit. The Dutch government recently announced a851 words
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Article278 1978-05-09 5 AN ALARMING picture of yet another French Industry sinking beneath the weight of debt has been painted in the latest report of the industry body covering merchant shipping. According to the head of the body, Mr. Pierre de Demandolx Dedons, total debt has risen In a year278 words
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Article249 1978-05-09 5 THE National Enterprise Board, which owns RollsRoyce on behalf of the UK government, has approved Rolls' long-term development plan and supports the development of the new 535 version of the RB-211 engine for use In the proposed new family of Boeing Jets. Sir Leslie Murphy,249 words
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Article, Illustration375 1978-05-09 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B. Barge) (1200) 48 Du Shan (0800 after Bunsa Mas) 19 Jonneverett (0600 after Yuheng, Serena hauls) 33/34 Kelyo Maru (0100) 13/14 Koyo Maru (after Hoso Maru) 29/30 Nedlloyd Main (after Nedlloyd Spaarnekerk) 3/4 New Star (0730 after Barge Alk375 words
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100 1978-05-09 5 AN International insurance company, the Through Transport Mutual Insurance Association Ltd, better known as the Through Transport Club, has opened an office In Hongkong. The new company, Throughtrans Services (Asia) Ltd, Is headed by Captain C. A. Flavell. The organisation has members In100 words
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Article102 1978-05-09 5 The International Air Transport Association has called for a special general meeting to consider the recommendations of the executive committee on traffic conference procedures, Its objectives and related Issues. The meeting, the first lata has called, will be held at the International Aviation Square102 words
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Article81 1978-05-09 5 Reuter THE construction of a sea port for both Bulgaria and Turkey to Improve transit trade between them was discussed during a threeday official visit to Bulgaria by Turkish Prime Minister, Bulent Ecevlt. Mr. Ecevlt held talks with Bulgarian Head of State Todor Zhlvkov in Varna.Reuter - 81 words
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498 1978-05-09 5 EUROPEAN AND Japanese shipowners are bringing the weight of academic argument to bear in their fight back against the US Department of Justice's attempts to undermine liner shipping conferences. The academic study, carried out by the University of Wales Institute of Science and Technology,498 words
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Article97 1978-05-09 5 AFP BRITISH Airways will receive government permission soon to replace Its medium-range Tridents with American Boeing 737 and BAC-111, however. The weekly Observer newspaper said the Foreign Office and the ministries of defence and employment still favoured buying the BAC-11, however. The Boeing 737 dealAFP - 97 words
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373 1978-05-09 5 Reuter THE LARGEST man-made object ever to move on the ocean started Its 688-km Journey on Friday from the Isle of Skye, Scotland, to a site In the North Sea. Weighing 600,000 tonnes, Chevron Petroleum's giant offshore ull platform was taken In towReuter - 373 words
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Article243 1978-05-09 5 DELTA Air Lines of the US, which started dally nonstop flights between Atlanta (Georgia) and Oat wick last Monday, expects to earn profits on this new route In the next year. Mr. David Oarrett Jr, president of the airline, said In London that advance243 words
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Article733 1978-05-09 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL PAA PA005 0115 SFO/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI 806 1000 HLP CPA CX710 1005733 words
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Page 5 Advertisements
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Advertisement173 1978-05-09 5 ORIENT r Th# wid«-cabin airline TIL *****41 BUDGET FARES AND SUPER SAVER FARES TO U.S.A. mI v.. Don't let the language barrier stop you from wider r/ w or H "> contacts J I e*v <vj 3 A 'LY i' tfP'Z.e* ie»^rO s v>°' O o e^ G V I173 words
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Article566 1978-05-09 6 THE latest Opec announcement must come as a relief to most consumers, although the wiser among them would have considered such an outcome inevitable. Basic economics alone can demonstrate how foolish it would be if Opec were to increase its oil prices. Demand for Opec oil566 words
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375 1978-05-09 6 THE point that QSP-entry for Singapore electronic products to the EEC countries may no longer be the case in the near future is a very valid one. It Is a threat that has cast a shadow over the Industry's future growth here and one which375 words
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Article, Illustration994 1978-05-09 6 One of the most hallowed Erecepts of Japanese usiness life seems about to crumble under the pressure of the current economic slump that once a company man, the Japanese is always a company man. The lifetime employment system dear for so long to994 words
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Article, Illustration512 1978-05-09 6 NYT EVERY morning after her husband leaves for work in Manhattan, Sachiko Watanabe begins another long, lonely day In her Hartsdale apartment, In New York's Westchester County. With luck she might see her husband around midnight. Meanwhile, she will spend a good part of theNYT - 512 words
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Page 6 Advertisements
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Advertisement481 1978-05-09 6 V ■f v--0 £2 4 sinoapura FORUM gf HOTEL Pebble Btr The legendary-TANIA. Only the four of 'TANIA' can produce the uniqueness of their very own GREAT SOUND. IT'S DYNAMIC. 810 SHOWS: Performing Mondays through Saturdays 9pm to 2am. THE TRIO LOS SANTOS A versatile group of young talents harmonising481 words
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Advertisement160 1978-05-09 6 581 Orchard Road, S'pore 9. Tel: *****3 Hilton presents Asparagus, Artickhokes and Avocados May 1 31 Asperges A La Maltalse $16.25 fresh asparagus served warm with an orange flavoured moussellne sauce Asperges A La Bayonnaise $18.50 fresh asparagus, served cold with air-cured ham and mayonnaise sauce Artichaut Florentine $10.50 leaf160 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-05-09 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers tn the late morning. Report for 24 hours prior to 7.30 p.m. on May 8 at the airport. Maximum Temperature 31.6° C Associated Humidity 64 Minimum Temperature 24.2° C Associated Humidity 97 Hours of Sunshine 8.65 Rainfall in Millimetres64 words
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Miscellaneous254 1978-05-09 6 TV&RADIO SINGAPORE 5 w 3.00 PM Opening announcements followed by What's My Line 3.25 Diary of Events (English) 3.30 Afternoon Matinee Claudia (Pt. 2), starring: Dorothy McGuire, Robert Young, Ina Claire and Gail Patrick 4.10 Science Report 0 4.25 Intermission 6.05 Opening announcements followed by Birdman and the Qfoxy Trio254 words
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Article, Illustration942 1978-05-09 7 COLIN CHEE - By COLIN CHEE THE International Business Forum (IBF) ended yesterday with Asean participants going away satisfied, not so much because they had gained anything substantially new from the conference but more because non-Asean participants have been able to gain better insight into what Asean942 words
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Article, Illustration599 1978-05-09 7 Reuter THE north China city of Tientsin has been famous for carpets for more than 160 years and the tradition Hves on with skilled craftsmanship bringing in hefty export orders. With 6.7 million people, Tientsin is China's third Mggest city after Shanghai and nearby Peking.Reuter - 599 words
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Article, Illustration511 1978-05-09 7 THIS is 78 year-old Encik A ban Laing Lerong from Long La put, a longhouse Ave km above Long Lama, Sarawak, and hia business is catching thievea. Hia method*, however, are somewhat unorthodox be uses a type of "compass" called the "tenong aaai," composed of a511 words
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Article791 1978-05-09 7 TERESA LIM - FORUM ...0D industry By TERESA LIM THE underdevelopment of Singapore's Indigenous shlpowning sector baa always seemed perplexing, especially, In the face of Singapore's position as a leading port with a high turnover of transhipment cargo. All sorts of theories have been advanced to explain791 words
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Page 7 Advertisements
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Advertisement38 1978-05-09 7 S5 TODAY Lunch at OKOH r umw 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****238 words
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Advertisement76 1978-05-09 7 KING S HOTEL Havelock Road, Singapore 3 Tel: *****1 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 LION CITY HOTEL IS Tanjong Katong Road, Singapore IS Tel: *****1. HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: 37Z911 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1. THE MARCO76 words
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Advertisement75 1978-05-09 7 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel. *****2. HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1 HOTEL NEW HONGKONG 101 Victoria Street, Singapore 7 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6 ORCHID INN 214 Duneam Road, Singapore II Tel: *****2 ORCHARD HOTEL 275 words
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Advertisement66 1978-05-09 7 PENINSULA hotel Coleman Street, Singapore 6 Tel: *****1 QUEEN S HOTEL 24 Mount Elizabeth, off Orchard Road Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SEA VIEW HOTEL Amber Close, Singapore IS Tel. *****22 SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4. HOTEL66 words
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Advertisement18 1978-05-09 7 t A perfect complement to any meal I >; m .■'J S i \M j i ft .'>. '4 .J18 words
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Page 7 Miscellaneous
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Miscellaneous84 1978-05-09 7 BriStoW: Dickens pn*aws-p> uord urm^bu JJOU? rT,GeNTI£n>€M—LET Gfer this ueTree our OF TVtC u*\y DCP»R S»RS, A Further to our Recent LE.IT6RS \N LOH\CH uje o«oeD scmemeiT OF mis 5F COvj 4 T P*F"«£fc > fOUR. WeßtßTifeD BSSURRNceS THRT fHE. m«rr€J2 UJOUID Be De#=MT P\t oncc wc uxx>iO iNfoßm sbu84 words
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INTERNATIONAL STOCK MARKETS
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Article592 1978-05-09 8 TOKYO Source: Daiwa Securities PRICES dipped yesterday due to small-lot selling. Speculative Issues were spirited on a broad front while blue chips were weak due to investor skeDtlsm. With investors expecting further price rise from this, week, medium-sized blue chips* and Issues with good businessSource: Daiwa Securities - 592 words
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Article374 1978-05-09 8 Source: Sun Hong Kai THE week started on a typically dull note yesterday with little trade In the Ist hour. Wheetock Marden and Cheung Kong seemed to be the only shares moving up In the morning but failed to excite investors In any way. The shares In rumoured takeoverSource: Sun Hong Kai - 374 words
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Article340 1978-05-09 8 generally higher after a slow start. BHP rose two cents to 96.50, the Wales two to 95.34 and CRA five to 92.25, while other banking stocks also firmed. Elsewhere in industrials, CSR lost one cent to 92.89 and retailers also eased, with Myer losing four to 91.71. Among minings,340 words
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Article142 1978-05-09 8 MAY M Bah u Ail* Fibre 296 +12 Bangkok Bank 375 uncn Bangkok Invest. 370 16 Bangkok-Metro-politan Bank 3650 -20 Bata BerllJucker 480 -260 CarpetIntnl Charoong Thai Wire 278 +8 Dumex DusltThanl 322 -1 Faber Merlin First Trust >. 327 18 Genera Finance Indo-Thal Industrial Finance Corp 2525 100142 words
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Article116 1978-05-09 8 THE market yesterday closed mixed with minings markedly firmer while oils and commercials declined, dealers said. Turnover fell to 2.97 million pesos from Friday's 5.12 million. MAY 08 Pesos Acoje Mining 0106 0.0005 Atlas Con. A Atlas Con. B 13 60 +0 2 Baguio Gold .0074 +0 0008 BenguetCon116 words
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Article31 1978-05-09 8 H.K. HANG SENG Monday 455.24 Friday 457.17 Week Ago 448.82 8YDNEY INDUSTRIALS Monday 416.95 Friday 418.68 Week Ago 40® 87 ALL ORDINARIES Monday 477.23 Friday 478.41 Week Ago 489.8731 words
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1207 1978-05-09 8 NYT THE US$25 preferred stock, developed to appeal to Individuals, is being vigorously pushed by some Wall Street firms. Over the last six months, half the preferred stock Issues marketed have been lower-par securities. But the shortcomings of these stocks for IndividualsNYT - 1,207 words
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633 1978-05-09 8 NYT MIAMI: Like most stockbrokers, Robert Grossberg, a vice president in the office here of Shearson Hayden Stone Inc, Is always looking for ways to increase business. A few months ago, he found a group that appeared to be untapped by otherNYT - 633 words
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Article765 1978-05-09 8 NYT IRVING Ollston, a vice Bresident8 resident of Bache Halsey tuart who specialises In financial planning, Is based at his firm's Hartford, Connecticut, office. Yet since 1965, for more than four months of the Kr, he works out of the he office InNYT - 765 words
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683 1978-05-09 8 NYT EDWARD Laufer offers this advice to those seeking profits In the stock market: read annual reports of companies reporting losses, because better times may be In the offing. Laufer is a financial consultant who has Invested his own money for 40NYT - 683 words
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Article758 1978-05-09 8 NYT A NEW BREED of toughminded analysts of municipal bonds Is growing up in Wall Street, and they are raising questions that might well be posed by any investor interested in munis, or even municipal bond mutual funds. The new breed Is a directNYT - 758 words
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560 1978-05-09 8 NYT WASHINGTON: Dresser Industries Inc has suffered a temporary setback in Its efforts to fight requests by the Justice Department and the Securities and Exchange Commission for information about questionable payments the company has made abroad. The case Is generally regarded as one of the mostNYT - 560 words
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Page 8 Advertisements
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Advertisement128 1978-05-09 8 For a Successful BANKING Career I LIT PTA tRA MA SCRI NEI study with W)lsey 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 Banking Diploma (AIB).128 words
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INTERNATIONAL COMPANY NEWS
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Article617 1978-05-09 9 --EUROPEAN Reuter FIAT SPA expects its automobile division to show a modest recovery in 1978, the company said in its annual report. Group activities are In different cyclical stages, but the overall picture is one of satisfactory balance, it said. v Italian demand for carsReuter - 617 words
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216 1978-05-09 9 Reuter PIRELLI EC dividend revenues roae to 2.5 billion lire in 1977 (1.5 billion In 1976), the company said In Its annual report. Commenting on these figures, financial analysts said further satisfactory revenues are expected this year. The company's balance sheet shows thatReuter - 216 words
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Article89 1978-05-09 9 Reuter Sugar Corporation Ltd has an- nounced a pre-tax profit of f r £7.6B million (£7.18 million) for the 24 weeks ended March 13. Turnover was £155.34 million (£137.46 million), '.and post-tax profit was £7.16 million (£6.91 million). Interim dividend: 1.65p H -jtl 3p adjusted). The board expectsReuter - 89 words
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222 1978-05-09 9 Reuter VOLVO AB, whose 1977 group profit before allocations and taxes fell to 351 million crowns from 582 million, said it should have prospects of achieving higher profits this year. "We are raising production cautiously to meet the demand represented by an Increase in ourReuter - 222 words
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Article226 1978-05-09 9 Reuter BROWN Boveri Und Cle AO (BBC) may Increase its stake In Babcock-Brown Reaktorbau QMBH, the supplier of steam-powered nuclear reactor systems, managing board chairman Hans Ooehrlnger said. Oerman BBC and its Swiss parent company Brown Boveri of Baden earlier this year took 60 per centReuter - 226 words
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Article159 1978-05-09 9 Reuter LONDON: UDS Group Ltd has announced a pre-tax profit of £19.16 million (£16.18 million) In the year ended January 28. Sales: £331.27 million (£295.82 million). Dividend: 3.0p making 5.1p (4.8p). Earnings per stock unit: 8.7p (8.Op). Pre-tax profit Is after depreciation £4.71 million (£4.67 million), InterestReuter - 159 words
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Article195 1978-05-09 9 ASIAN Reuter AUSTRALIAN Guarantee Corp Ltd (AGC) said It expects a steady profit In Its second half compared with the A 522.44 million ($17.58 million) earned after tax tn the first half ended March 31 due to an expected slower growth rate in receivables. CommentingReuter - 195 words
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Article86 1978-05-09 9 Reuter COMALCO Ltd will pay A 556.46 million to Increase its stake in Queensland 'VAlumina Ltd (QAL) to 30.3 per cent from 13.8 per cent, according to its notice of an '"extraordinary meeting called to approve a realignL ment of interests and share issue. AsReuter - 86 words
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Article124 1978-05-09 9 AP HONGKONG: The Lon-don-baaed Johnson Matthey Bankers Ltd., has announced that It has formed a wholly-owned subsidiary company, Johnson Matthey Commodities Hongkong Ltd., which has commenced trading in gold In this increasingly Important Far Eastern gold trading centre. A statement by the company said the shareAP - 124 words
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Article31 1978-05-09 9 Reuter ELECTROLYTIC Refining and Smelting Co of Australia Ltd said It cut Its exwork Port Kembla refinery copper price to A 51,120 per tonne from $1,140, effective May 4. Reuter.Reuter - 31 words
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166 1978-05-09 9 Reuter LONDON: Two directors of Scottish and Universal Investments Ltd (Suits) have written to shareholders stating that they consider it Is In shareholders' interest to accept an offer by Lonrho Ltd for the whole of the company's issued share capital. The two directors, SirReuter - 166 words
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Article119 1978-05-09 9 Reuter THE PHILIPPINE Long Distance Telephone Co has received shareholder approval for an increase in capital to 700 million pesos from 380 million to fund an expanded telecommunications programme, its president Ramon CoJuangco said. In a report to stockholders, he said the new Issue will consist ofReuter - 119 words
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Article36 1978-05-09 9 Reuter KAO SOAP Co Ltd of Japan has announced an after-tax profit of 2.93 billion yen (previous 2.75 billion), for the year ended March 31. Sales: 186.75 billion (161.06 billion). Dividend: 7.5 yen (same).Reuter - 36 words
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748 1978-05-09 9 NORTH AMERICAN NYT NEW YORK: The J.C. Penney Co. has obtained an agreement from H. L. Lazar, Inc., a general contractor, Its affiliates and certain of Its subcontractors to pay Penney US$2.5 million In settlement of a suit brought against them to recover allegedNYT - 748 words
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334 1978-05-09 9 Reuter PHILIP MORRIS Inc said a statement by holders of 45 per cent of Seven-Up stock that they do not Intend to tender their shares has not changed Philip Morris' stated Intention to tender for all shares of Seven-Up. In response to an Inquiry,Reuter - 334 words
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Article139 1978-05-09 9 Reuter FINDLAY, Ohio: Marathon Oil Co expects higher earnings In 1978. Its president Harold Hoopman told the annual meeting of the company. Last year, Marathon earned U556.54 per share, up slightly from $6.52 in 1976. He said the company expects higher income from US crude oil and naturalReuter - 139 words
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Article98 1978-05-09 9 Reuter MONTREAL: Seagram Co Ltd said Its directors have adopted a procedure which allows stockholders the option of receiving dividends for the rest of this year from capital surplus, making them essentially free of Canadian taxes. The company said that stockholders may choose to receiveReuter - 98 words
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Article74 1978-05-09 9 NABISCO Inc believes It Is in a good position to turn In a strong performance for the full year. Its chairman Robert Schaeberle told the annual meeting of the company. First-quarter Improvement came about despite bad weather and the results were aided by strong overseas sales74 words
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Article71 1978-05-09 9 Reuter i OAk BROOK. Illinois: Mc- Donald's Corp is In a i purely exploratory" stage > of talks aimed at financing its corporate growth, a. company spokesman said, commenting on a Bubllshed report that McDonald's is planning a Eurobond issue, he said, "we finance very year" forReuter - 71 words
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Article60 1978-05-09 9 Reuter REVLON chairman Michel Bergerac will recommend that directors Increase the quarterly dividend to 32Vi US cents a share from the current 27*4 cents. The recommendation will be made at the company's May 24 board meeting. Mr. Bergerac said the company will pass the $100 million mark forReuter - 60 words
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173 1978-05-09 9 Reuter MOBIL Corp expects to spend USI 1.1 billion for exploration and production this year, about $250 million more than last year, its president William Tavoulareaa told the company's meeting. He also said Mobil drilled its first exploratory well in the RockyReuter - 173 words
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316 1978-05-09 9 DESPITE a narrowing of interest rate spreads In 1977, J.P. Morgan managed a modest 6.7 per cent Improvement In net Income from 1976's figure of U*****.7 million to $216.3 million. This was achieved largely through a rise In net Interest earnings and a reduction316 words
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Article198 1978-05-09 9 Reuter THE BRITISH government and Standard Oil Co (Indiana) subsidiary Amoco UK Petroleum Ltd have signed a participation agreement covering the company's 30.77 per cent Interest in the Montrose oil field and Its stake in other commercial British North Sea fields, the US EnergyReuter - 198 words
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Article95 1978-05-09 9 Reuter STANDARD Brands Inc's earnings Improvement, which began in the second half of 1977, is expected to continue through 1978, its chairman F.R. Johnson told the company's recent annual meeting. The company earlier reported first quarter earnings of US$l5.2 million or 54 cents a share, againstReuter - 95 words
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Page 9 Advertisements
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Advertisement193 1978-05-09 9 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the generei reeder who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those wrfio wish to go to statistics in more193 words
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DEALS DONE ON THE SES AND KLSE
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Article1768 1978-05-09 10 BID 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 un- Its unless otherwise specified. All Time Settlement Contracts are quoted after the wood "sett 7 Big1,768 words
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Article219 1978-05-09 10 Auatraliaa DBS 1/4* 1982 (100.000) (95*8 978) Auatraliaa D B 19* 1982 (100.000) (98*B 99*8) B O T 8 1/2* 1981 (100,000) (100*B 100V.S) B O T 7 VB* 1984 (100,000) S9s*B 95*S) I O T Floating 1984 (100.000) (99H8 100*8) C Itafc 8 1/8* 1984 (100.00Q) (96*8219 words
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Article144 1978-05-09 10 Rep Spore D Mark 7% IMS i 100,000) (102*B 103S) tep Spore 1/2% 1983 (100,000) (102ViB 102VS) Rob Spore 7 3/4% I*B7 (100,000) (99M8 100S) 5 1/4% It/19/79 250,000) (101.MB) 4 S/4% 15/9/89 (250,000) (100 308 100.408) 5% 15/4/81 (250.000) (100.65B) (2) 100.69 (4) 100.71 5 1/2% 1/5/79-81144 words
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Article160 1978-05-09 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 bracket* Btorm Jun —81 TO) (0.428 0.478) (Sept $1.70) (0.448 0.538). C and C (June $2.20)160 words
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Article2480 1978-05-09 10 MVS Hi(h Low Compaay I Last Sale +orO's Dhr Div Crr Gk's Y'W Net P/E Vol Day ('080) High Lew ft ft SECTION ONE ft INDUSTRIALS 181 213 151 225* 81 286 183 380 422 181 132 123* 112 195* 60* 191 144 256 394 123 Ac2,480 words
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Article1690 1978-05-09 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS AMte—Si (2.518 I.SM). A loom (1.M8) (1) I.SS (1) I.M. A1,690 words
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Article, Illustration782 1978-05-09 10 SINGAPORE TRADING on the Singnpore Stock Biebaag* was generally bullish yesterday. Volume wu high at BJ7 million units transacted, valued at $14.M million compared with last Friday's volume of 7.81 million units werth 912.90 million. Gains amounted to 20 cents In extreme cases during the782 words
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Article579 1978-05-09 10 PRICES got off to a good i start at the Kuala Lumpur < Stock Exchange yesterday t to close on a very steady note. Trading was brisk, to the i extent of being hectic at i times, and this hive of ac- tlvlty yesterday resulted579 words
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Article130 1978-05-09 10 SINGAPORE UNIT TRUST INCOME BOND UNIT The Commerce 1.60 1.10 The Saving Fund 1.17 1.14 S pore Pro« Fund 0 96 1.00 ••KSr w in 8'pore Invest rund l.M 1.23 ASIA UNIT TRUST UUMfn' prim %m May Mai Invest Fund 1*2 1 6S*d Mai Prof rund 100 1.06130 words
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COMPANY NEWS
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Article, Illustration768 1978-05-09 11 ARTHUR NG - ■y ARTHUR NG AN EXPLOSIVE five fold increase in profits In subsidiary Hotel Merlin has kept United Overseas Land's nose above water. Group pre-tax profit reported by the property developer came to $2.72 million for the year ended Dec 31, 1977, but all of it768 words
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Article80 1978-05-09 11 ASSOCIATED Plastics Industries, the company whose shares have been a focus of much activity on the local stock markets, has named three major shareholders of the company. The three, deemed as directors under the Companies Act as at April 27, are Syarlkat Nominee Bumlputra Sdn Bhd, 2.1880 words
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Article32 1978-05-09 11 PATANI Para Plantations Ltd said with effect from May 2 it has cancelled listing on the London Stock Exchange as over 94 per cent has been acquired by consolidated Plantations Ltd.32 words
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LATEST RESULTS
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Article41 1978-05-09 11 Group net profit $2.91 million for the six months ended Dec 31, 1977. Qroup turnover $62 million. The comparative figures of the corresponding period are not available as the Interim results of all the previous years were not consolidated.41 words
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246 1978-05-09 11 A SHARP boost In group earnings in the second half has enabled Pan Malayan Holdings (PMH)to turn In a vastly improved set of figures in its financial year to end-December, 1977. Oroup operating profits before taxation and depreciation was more than doubled to $2.87246 words
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Article757 1978-05-09 11 United Overseas Bank Ltd: AOM to be held at UOB Building, No. 1, Bonham Street, on May 12. Jack Chia Mining and Industrial: EOGM to be held at 2B, Chartered Bank Chambers, Beach Street, Penang, at 12 noon on May 12. Peci Malaysia Bhd: EOGM •to be held757 words
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Article724 1978-05-09 11 Cmt payment Ex Onto deee Date payable Total fcr thevonr Total fbr peaiia—yoni NOT CMtnlSuftn Rahman Hydraulic CaHihU N80P UOB Gatkrii Gutkrie Ropel ST9toamahip Bata (M) DBS Raleigh cxTm Glenooly Dunlop Eatataa Tractor* Sol. Proftrtlcf M Cabtea Intraco Dun lop Induatries High A Low Kulim Siaac Darby MBS724 words
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Article212 1978-05-09 11 t'ompaay Kramat Tin Negri SentbiIan Particulars Bonus Issue of 1 for 5 Ex Date Apr 27 Books Clooe May 10 Oil Paiu Straits Steamship MaUkoff (Jailed Plantations Ureal Eastern Life Malaya* Flour Slraiu Trading Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue212 words
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Page 11 Advertisements
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Advertisement218 1978-05-09 11 FUNK WAGN ALLS lEWENCYCLOPEDIA for the entire family zl s* -r t## t no> a* «TJft X t HJNK A 27v01u *f ,N M I (UN> A n.;sAl t S A *<-NAI I S «Mli *Af,NAU> N» mes N SM Mf l{> (V YCtO ll> «Y!(> xxio- WOO- iMYI u>218 words
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Article, Illustration1011 1978-05-09 12 Agencies THE Organisation of Petroleum Exporting Countries Is freezing crude prices through the end of the year. The announcement by Opec secretary general All Jaldah capped a two-day Informal meeting of the cartel's 13 oil ministers. But Saudi Oil Minister Ahmed Zakl Yamanl, whomAgencies - 1,011 words
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Article57 1978-05-09 12 AFP THAILAND will undertake a project to propagate 60,000 new coconut trees of two special hybrids during the coming rainy season. The 1.6 million baht (*****,000) project will Involve the distribution of young coconut shoots in 49 of Thailand's 72 provinces. If the new varieties receive good response,AFP - 57 words
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757 1978-05-09 12 NYT UPI A PANEL of American economists believe Inflation can be slowed without causing a recession, but they do rot expect quick results. Both President Carter and Congress must cut federal spending If Inflation is to be halted, said Albert Cox, Jr.,NYT; UPI - 757 words
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Article309 1978-05-09 12 THE AUSTRALIAN Wool Corp does not see real improvement in the wool textile industries in traditional consuming countries in the near future. Japanese textile activity is extremely weak and the present low level of orders indicates that little improvement is likely to occur In the near future.309 words
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Article770 1978-05-09 12 LONDON. Mon. Prices closed generally lower in light trading today, and at 3p.m. the Financial Times index was down 0.7 at 480.8. Government bonds fell by up to 3/8 on fears of a substantial Increase In tomorrow's British monthly banking figures and a possible further rise In the770 words
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401 1978-05-09 12 NYT A STEADY rise In wages and labour costs Is beginning to chip away at the profits of American companies. The dominant feeling among business observers nationwide is that, although quarterly eamlnq of American companies are expected to rebound over the next sixNYT - 401 words
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208 1978-05-09 12 SAUDI Arabia on Sunday denied local pun report that a commit too had boon set up to nationalise foreign bonks. The Soudi Arabian Monetary Acencv (Sams), the country'* central bank, said a policy of "Saudisation" begun last year called only for Saudi208 words
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152 1978-05-09 12 Reuter THIRD world countries are often "sadly irrational" about multinational companies. European Common Market Commissioner Christopher Tugendhat said In Hongkong. Mr. Tugendhat, speaking to a Commonwealth Mining and Metallurgical Congress, also noted that multinational company investments In developing countries have "for someReuter - 152 words
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Article371 1978-05-09 12 COLIN CHEE - •r COLIN CHEE in Manila ASEAN'S First Trade Fair at the Philippine Centre for International Trade and Exhibition seems headed for success. By early afternoon yesterday, some 600 buyers, mainly from the UB, Europe and Japan, have converged on Manila. On exhibitor from Malaysia is371 words
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Article351 1978-05-09 12 THE Malaysian Ministry of Primary Industries, currently reviewing Its policies thinks the country must push for international arrangements for the promotion and stabilisation of primary commodities markets. The Ministry's officials In their various briefings to the Minister, Datuk Amar Taib Mahmud, have stressed the need351 words
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Page 12 Advertisements
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Advertisement164 1978-05-09 12 COLLECTINQ Oriental Amm is by Judith Moorhouse and Dries Blitz na Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated164 words
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Article4359 1978-05-09 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums Scan Dutch has a joint4,359 words
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Page 13 Advertisements
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Advertisement393 1978-05-09 13 MAERSK UNE SaMICf Mi TIK MV 2KSE?* 555? 6 K.LMVW ***** PCNANG *****1 P.KELANG 3*8360 SHIPPING OCS MARINE FREIGHT MANAGEMENT SERVICE ocs >; Apnt OCS Pto Ltd Tol: *****14 I 2»2217 Port Kdanj A|tflt 18 SMpptni Sdn BM Tel: *****5, *****6 Bangkok Agent OCS Tel: *****25 YAGUMA LINE Direct Loading393 words
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Advertisement343 1978-05-09 13 fl monthit Km-awtMHa sana I'm f K«imi MAMMOTH WIUOW YOf •1 Silly 21 Ma, kIMM, ORIENT LLOYD ORIENT LLOYD (M) 8 B D 4[) S port I J?? P K t 386 b 11 attlimtr 304 305 3fo fi Ccear Blflg Collyer Quay Spore 1 r e ***** 956b9 I?343 words
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Advertisement134 1978-05-09 13 NOTICES m.v. "VISHVA ABHA" VOY: 17 arrived sth May, 1978 at P.S.A. Godown No*. 13/14 General Survey of damaged cargo ex the above vessel will be held on Thursday 11th May, 1978, as from 9.00 to 1.00 p.m. No further survey will be held after thla date. Agents:R JUMABHOYh SONS134 words
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Advertisement12 1978-05-09 13 FORTNIGHTLY TO MIDDLE EAST SEAj/iLAND MV KFMIMTE9 COHTJUWI KIVKt BOOKING TCL *****2212 words
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Page 14 Advertisements
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Advertisement802 1978-05-09 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE EXPORT Swi f Kiiwf H'kua llbmMm UHam KMtMnßay 12/5 29,5 31/5 IS 3/6 Aa»fa Mare 12/5 7 6 4/6 5/6 7/6 City E**ar|* 11/5 8/6 6/6 (7/6) KaauAura Mara 18/5 9/6 11/6 12/6 14/6 Brtnxa Eiprm 22/5 9/6 11/6 12/6 M* 26/5 n* 18/6802 words
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Advertisement847 1978-05-09 14 C 3 SANKYO LINE AUSTRALIA SERVICE P.Mmi LOGISTIC ACE INWIIT YU€ RIVER 13/14 May MAY BREEZE 22/24 May 15/1J May 29/21 May Laadwj far MIS. SYD, MEL. ADEI FRE. *O€L. MEL, SYO BRIS. SYO, MEL BANGLADESH SERVICE MAY PRINCE GENERAL AGENTS CONTAINER BOOKING LOAD AGENTS P. KELANG PENANG .17/11 May847 words
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Advertisement582 1978-05-09 14 mLAND U.S.A./ ASIA SERVICE MT REFRIGERATED CONTAINER StVKt SAILING EYERY HEMKSMT FOR N*n M U« IUMM. OMR MUD JRPRM. UMK TANM. MOM ROM. TMAILAMO AM PMIUPfWES VESSEL/VOYAGE PONCE V-324 GATEWAY CITY V-697 PONCE V-325 GATEWAY CITY V-698 Vessel C.F.y Closes Arrives/departs 5.00 P.M. MAY 16/17 MAYIS .May 23/24 Ma>22 May582 words
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Advertisement825 1978-05-09 14 Everett Lines/ LOADING FOR I Fwt Star ttippwn Cwy. 'BURMESE NATIONAL LINE' B F S.S.C. Agtot* m Molayvo TEPS MALAYSIA Port Kekmg Tol (3BJ-7355 Ponong Tot *****/***** PAAPPA ANGERTINA s/iaian 11/12 j* 13/14 Jaa CvA Tramporuaoii MwW— Mcxkmi S. A. "MEXICAN NATIONAL LINE" V FM EAST/MEXICO I CENTUM. AMERICA LOADING825 words
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Advertisement679 1978-05-09 14 JARDINE ANTAH t i A Orient Overseas CatdcuneA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA i NEPTUNE PEARL 8M chevalier note in HKOM CONTAINER If MERCATOR6M ORIENTAL CHIEF M S SEAS MIDGE 16M OMENTAL RESEARCHEI CHEVALIER PAUL lit Wtaw H"b«rf W l/l IV6 15/6 2ft 24/1 28/6 36/6 V 7679 words
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Advertisement1436 1978-05-09 15 QCL Overseas Containers Limited CONTAINERSNIP SOVtCI Tl IK/CONTINENT: (HUM Uf utau mi« citt if eoiniuisn UMFIIM MARU I'EMEN [imss KUIKI run ixptcss THAMES MAIU HUU Mr •MWK Eimss H"burg S pore P. Kelang O'mark 11 Ma| Mar II Mar 1 Jaa II Mar I Hi tl Mn I la M1,436 words
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Advertisement1455 1978-05-09 15 BenOceaa Ajartservtce of Ben Line BkjeFhnnel Glen brie arid NSM Tt UK/CINTINENT (via tmzl Singapore P. Kelang Jailed I'll Ml) Si. SarM IS/IS May lENYAHNOCH PNIONTIS liM Bilbao. Amsterdam, Otifci.n Liverpool. II Ja* lenoes Bibao Ams>. Hburg. Hull. L pool. ,ii%i I J'! J J 1 n '"'j 1 -'s<1,455 words
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Advertisement1018 1978-05-09 15 BEN LINE CONTAINERS LIMITED QEjs HBuRC HAVE* «MV HAVRE SCTO Smpport P. Kelang Germany taist/ia Benelux Iranc* JUI U I Scanoirav, KOWIOON BAY UNCA MARU CITY or EDINBURGH KAMARURA HMD ■REMEN EWKSS ■EMIIEI TMIO EIWSS THAMES Mill euu urn -n Mar HMn a»n n Ma| 11 May llm j Imw)1,018 words
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Advertisement939 1978-05-09 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA Fee«<r from P. Kelang Vessel FRANC CSC A Sulci lUTLANOU EIEANOIA 14 1 HIO PEIfT ELEANOIt J« iEUNIIA FRANCE SCA DINRN lIEANOIA II S pore L Mseillei 2 Rdam 3) Wbu<« 4) iburg 11/ S S N939 words
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Advertisement652 1978-05-09 15 GUTHRIE BOUSTEAD S, G s THE BANK LINE LTD urn FKLII AFRICA m ("Wft'W. Mombasa. Ttnft. Maiwifa. Durban, EL. PE. C P ,OW p '«»"i mart km sw mm m n*M tur i twn iniu LAVRELBANK IKTIUI P- Keltn| 11/11 Ma? 5 port P l/U Jaa S port 11/14 tat652 words
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Advertisement949 1978-05-09 16 (VIA SK2) If to inon S'Tore P. Kelang L.Havre H'bur? Bremen R'dam A'wero neptune PEARL IW II to II Mjj llm I Im* I Jim Ulan 121 m cuminH2£iw a n«Jn «{J" "J" "JJ JJJJJ ■JL CMTAIKR INT 2 Jim ikm H*«« 24 Mm 25 Joe 21 km 2>lm MEKATN949 words
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Advertisement997 1978-05-09 16 JUMABMOV k SONS P T E LTD Singapore TV 91 2511 5 ■> w Te J»« S &;> R JUVABHO> SONS M SDN BHD p «r.jra T ,i *****6 8 E.C.-U.SJ./ATLANTIC/GULF SERVICE ACCEPTING FCL/LCL CONTAINERS FROM SPttf. P. KELANG. PENAIK Laaditg Mr: NORFPLX, M(« TOM. NEW ORLEANS. HOUSTON Singapore P997 words
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Advertisement1088 1978-05-09 16 m 1 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISCD StAVICES: 'AM vassals call Lt I mm twwft orusiCD KQNCMNC CONTAINER MERCATOR ORIENTAL CHIEF SEVEN SEAS MIME ORIENTAL RESEARCHER S'pore P KelanK Shampton M twrr .7 Mar MJMr 4 ,JJ" aKm 2S Ray 1S lE IC2 OMM OIMB HIM 15 Me lOJMB1,088 words
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Advertisement584 1978-05-09 16 MALAYSIAN HTtHNATKNAI SHIPPING CORPORATION BtriHAD TTL ML *****4 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT IS/11 Mtf Blonj 79/5. Cd<« Lpool 66. Mburg lc.'b. KM* 13/5. Awerp lfi.o. IHiirre 1//6. Ldoit 19/t 11/11 Mil Hbvrg 3'6. CdiH/ldon C/S. Mam 12/6. Bren 16 V Lflool 22/6. Jut584 words
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Advertisement390 1978-05-09 16 t INTRASEA (PTE) LTD. f Houst .-vih C" 'I,l'c iC T f iophone »v RECIIAR INKKMCNT SOM/FIU CONTAINER SERVICE TB EIMK Sport P. Keltnf Ptnanf ft lir: M.V. lELTAL (Caatr tkap) Mar MtaiMat/Staa/TMtf nnfftai. AEIIS lISPtaK Itm 11 May 1( May S'toa/r'tM/Mtaff/ k'wtrf Botilofnt tUI< ATMNK K Mf «J) I.*.390 words
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