The Business Times, 30 January 1978
1978-01-30
1
12
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The Business Times
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Title Section11 1978-01-30 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, JANUARY 30, 1978 50 CENTS11 words
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BRIEFLY...
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Article46 1978-01-30 1 KUALA. LUMPUR. Sun. Malaysian and Australian officials will resume talks on Tuesday to resolve the sugar dispute between the two countries. Deputy Prime Minister Dr Mahathir Mohamad said the Australian negotiating team from the Colonial Sugar Refinery of Queensland will arrive here on Tuesday.46 words
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Article46 1978-01-30 1 KUALA LUMPUR, Sun. Malaysia is planning to send a rice-buying mission to Burma, Thailand and China, the Deputy Prime Minister, Dr. Mahathir said. The mission is necessary to enable the government to increase the rice stockpile from 260,000 tonnes to more than 300,000 tonnes.46 words
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Article57 1978-01-30 1 INDONESIA has decided to ban the export of 14 species of fancy wood logs. The aim of the ban Is to stimulate the growth of the local Industry. Included In the list are ebony and teak wood. The ban on exports for ebony will be from Feb57 words
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Article49 1978-01-30 1 THE SINGAPORE Currency Board issue the 1978 uncirculated $10 silver coin on Thursday. The coin, showing two earth station antennae on one side, will be sold between 10.30 and 3.00 pm at Victoria Theatre, Hong Llm community centre, Joo Chlat community centre and Kuo Chuan community centre.49 words
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Article46 1978-01-30 1 Reuter BRUSSELS, Sun. The Common Market and China begin formal negotiations here tomorrow on a trade agreement, the first between the Community and a communist country. EEC officials said they hoped the five-year agreement could be initialled by the end of the week. Reuter.Reuter - 46 words
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Article51 1978-01-30 1 AFP NEW DELHI, Sun. Singapore's Deputy Prime Minister and Minister for Defence, Dr. Goh Keng Swee arrived in Madras, on a five-day visit to this country. Singapore was buying military equipment from India and found it very good, Dr. Goh said on arrival at the airport.AFP - 51 words
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Article35 1978-01-30 1 AFP HONGKONG, Sun. A three-year plan outlined by Chinese Vice-Premier Yu Chiu-li will ensure the basic mechanisation of China's agriculture by 1980, and raise the people's living standard, Radio Peking said today. AFP.AFP - 35 words
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Article71 1978-01-30 1 KUALA-Trengganu Sun. Oil will begin to flow from the Trengganu off-shore wells in the South China sea in early April, a spokesman of Exxon Malaysia said today. T2 16 2, 11 would com e from the Pulai and Tapis fields. Four wells had been drilled at Tapis71 words
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Article85 1978-01-30 1 UPI MANILA, Sun. Delegates to the UN conference on sugar in Geneva last October agreed to try to keep world sugar prices at the medium range (about 15 cents a pound), the chief of the Philippine Sugar Commission said. The agreement allocates quotas to sugarproducing nationsUPI - 85 words
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Article75 1978-01-30 1 AFP MUNICH, Sun. The Association of Sudeten West Germans has written to US President Jimmy Carter asking for the return of 18.5 tonnes of Czechoslovak gold and coins taken to the United States after being abandoned in 1945. A spokesman said the group was asking that theAFP - 75 words
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Article39 1978-01-30 1 AFP NEW DELHI, Sun. Foreign Minister A.B. Vajpayee expressed confidence today that his forthcoming visit to Pakistan would turn a new leaf in Indo-Pakistani relations. He pointed out that India's trade with Pakistan was increasing. AFP.AFP - 39 words
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Article127 1978-01-30 1 THE following list of stocks give* the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977. Company Turnover Price* High Low 000 Jan 27 1977/127 words
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Article160 1978-01-30 1 SINGAPORE JuB JuU Ju 2S Jaa26 Jaa 27 tt BTUn: 525 86 517.99 522.51 528.07 540.04 MwtrtaJa: 264 41 264.10 264.48 264.70 264.43 9 ftatM: 423.10 422.62 422.43 422.71 422.81 Hitili 178.10 175.69 176.04 174.87 175.34 PIUIWIIM: 164.78 164.11 165.38 167.35 187.67 t Ttaa: 141.10 141.49 141.71160 words
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Article1045 1978-01-30 1 JOHN LIM - ELECTRONICS SURVEY FINDINGS By JOHN LIM ELECTRONIC manufacturers here have generally agreed that quality control, as a whole. Is lacking in the industry, although It seems unlikely that they are right. This trend is revealed in a survey conducted by the Ministry of Science and1,045 words
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Article86 1978-01-30 1 Reuter ASEAN will consider Joint action against developed countries which adopt protectionist trade policies against it. official sources said in Kuala Lumpur yesterday. Lately a number of leaders from the Asean countries had spoken out against protectionist trade policies of developed nations. Meanwhile, Asean would continue a dialogueReuter - 86 words
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Article811 1978-01-30 1 JOHN TAN - »y JOHN TAN MALAYSIA'S merchant banking assets have grown rapidly and reached the Msl billion level, which Is about half the total assets of all merchant banks In Singapore. Malayan Banking's position as the largest commercial bank in Malaysia has been further reinforced by its very811 words
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346 1978-01-30 1 SINGAPORE should have no difficulty in obtaining an extended term in the new textile agreement with the US, during thia week's negotiations which begin today. Thia waa indicated by Mr. Michael Smith, chief textile negotiator of the 11 -member textile negotiating team346 words
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535 1978-01-30 1 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE is unlikely after all to reap the significant gains which some might expect from Japan's latest relaxation of foreign exchange controls. Theoretically, this move should trigger off a larger flow of tourists to Singapore and step up exports535 words
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Page 1 Advertisements
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Advertisement27 1978-01-30 1 @^&yfoong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited It lllOSl Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7.27 words
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Advertisement139 1978-01-30 1 astantwjsjness OU4BITRI V A The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the likely economic effects on ASEAN countries including new patterns139 words
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Advertisement64 1978-01-30 1 MARKET reviews London gilts shrouded in (toon TECH 4 Marine steady as she gON .eeeeeeeeaoeeoeeeeeee KEPPEL yard ready for the giants MAESTRO Goh: From garage to centre stage ONE Man's week with Dr. K.C. Wong rf Aiwa/ Atlas Electronics SHARE information WHAT the broken say MONDAY sports AMBER One not64 words
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Advertisement117 1978-01-30 1 ()')[_@%}<=-?_-<:)}*~{]<&}(||;< JAL FLIGHT 712: THE TOKYO EXPRESS a VV*,'; VANCOUVER "WSAN 1 FRANCISCO I HONOLULU 1 SINGAPORE MEXICO CITY Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S. and Canada. 39 JAL flights depart every week. And as you arrive in Tokyo at 0635, you117 words
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MARKET REVIEWS
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Article1005 1978-01-30 2 GERALD COLVERD - LONDON •y GERALD COLVERD THE senior managing director of one of the City's largest discount broking houses. Union Discount, in reporting a record 300 per cent uplift In his company profits for 1977, commented at a press conference last week, "Can anybody tell me what there1,005 words
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Article236 1978-01-30 2 THZ HiW deeed mmkrn taat weak with the DaamnkvqwrtarUbtki flgwraa (•■llatil IkmghNt the «Mk aad ■Nt baying latere** atill to Mhctad Imm ■nd to mmmmm vUdi ban kM yirfnmli wall. A cam la palit was Real mm which UMvaoid much bettor —fc to Itot with the |ito to Um236 words
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Article1077 1978-01-30 2 KUALA LUMPUR THE Kuala Lumpur stock market saw some Isolated bright spots which enlivened the generally dull and irregular trading conditions prevailing for the greater part of the week. Most of these came In the form of short, buoyant runups in a number of old favourites1,077 words
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Article895 1978-01-30 2 CHIN HIANG FONG - SINGAPORE h CHIN HIANG FONG THE relisting of Faber Merlin's 85.28 million shares after a suspension of more than 18 months was the feature of an Irregular market on. the Stock Exchange of Singapore last week. Its opening deal of 92 cents delighted many shareholders who had895 words
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Article239 1978-01-30 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 9-30 Industrial Application YMCA NPB of Operational Palmer Road Amplifiers NPB 9S.D. Module III Hotel Royal Feb2 Elements of Ramada Industrial Engineering NPB 9-30 Energy Management Module 1 YMCA Palmer Road 10-31 Industrial Health and Safety SIM Conference Room SIM239 words
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592 1978-01-30 2 T - T RIGHTS/SCRIP ISSUE Shangri-La Hotel: Proposed rights Issue of one-for-four at $2.40 per share, capitalising 512.00 million. Chin Teck Plantations: Proposed scrip Issue of four-for-five, capitalising MOO million. OTHERS Shangri-La Hotels says that the Bsl2 million raised from the recently announced rights592 words
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Article795 1978-01-30 2 WITH the big slide coming on Thursday, the stock market sank last week to Its lowest level In more than 33 months. The Dow Jones Industrial average finished at 764.12, registering a weekly drop of 12.82 points. Volume on the New York Stock Exchange totalled 93.85 million shares,795 words
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Page 2 Advertisements
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Advertisement130 1978-01-30 2 Announcing Canon Latest Range of Calculators Special Presentation and Dealers' Party at the Polynesian Room. Mine] Court Hotel to-day PalmtrO^^^Quartz Unique calculator with clock, day and date. §top watch and alarm functions. 8 digits and one memory. Canon PUH) 10-digit, handysize printing/ display calculator using plain roll-paper and cassette-type ink130 words
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OVERSEAS
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845 1978-01-30 3 AP AH ANTI-dumplng complaint by an American steel producer has resulted in at least a temporary cut-off of Japanese steel, delivered here for use in construction of US Navy submarines. The Mitsui Co. has declined to bid on additional orders since Gllmore Steel filedAP - 845 words
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736 1978-01-30 3 NYT THE US Securities and Exchange Commission's longawaited statement, published last Thursday, about the proposed national market system drew generally favourable comment on Friday from Wall Street, where it was regarded as supportive of the Industry's position. Reaffirming Its traditional view thatNYT - 736 words
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Article314 1978-01-30 3 Reuter THE OUTLOOK for West German industry this year Is moderately optimistic though special problems are posed by the foreign exchange situation. Deutsche Bank, in its latest economic report, said the differences in development between industrial sectors, very noticeable in 1977, could level out this year. TheReuter - 314 words
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WORLD IN BRIEF
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Article604 1978-01-30 3 THE US dollar has about found Its right level on the foreign exchange market and should move higher than its present position of 2.11 Deutschemark, said Otto Thierbach, a board member of Deutsche Bank AO. Following this month's US-German swap agreement, he said it now604 words
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Article192 1978-01-30 3 Reuter THREE Gulf states have revalued their currencies by between 0.5 and 2 per cent, and analysts noted the new rates virtually realign the currencies which have drifted apart In recent months. Bahrain announced a 2 per cent adjustment to 0.*****/ 0.***** dinars to the dollar,Reuter - 192 words
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524 1978-01-30 3 Reuter US BANKS generally reduced their problem loans and loan loss reserves last year as the domestic lending crisis which peaked In 1976 receded, bank statements show. Wall Street analysts generally forecast domestic problem loans will further diminish this year. However, loans toReuter - 524 words
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237 1978-01-30 3 THE International Monetary Fund Is to lend a total of US$l77 million (*****.4 million) to 35 developing countries, mainly In Asia and Africa. It was announced In Washington that these loans stem from a special trust fund to help the least developed237 words
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Article142 1978-01-30 3 AFP BRITAIN'S man-made fibre output fell to a nineyear low last year Figures released by the British Man-made Fibres Federation show a reduction of 10.7 per cent in total output last year to 551,820 tonnes, consisting of 312,490 tonnes of staple fibre (down 10.1 per cent) andAFP - 142 words
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878 1978-01-30 3 UPI AP AMERICANS are turning increasingly to petroleum as their main energy source despite President Carter's call for a shift towards coal. Industry Statistics, compiled by the American Petroleum Institute (API), also showed the United States made progress last year towards conservingUPI; AP - 878 words
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Article202 1978-01-30 3 Reuter BRITAIN may need to import the equivalent of 100 million tonnes of coal a year by the year 2000. A Department of Energy paper said. "It appears unlikely that renewable energy supplies (sun, wind, wave power) will be able to make a significant andReuter - 202 words
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Page 3 Advertisements
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Advertisement22 1978-01-30 3 •V it V* BALLY OF SWITZERLAND H R STORE^ HIGH ST CENTRE •OCEAN BULDftJG SUPREME HOUSE GOODWOOD, HtJON, RAFFLES HOTELS COLD STORAGE22 words
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Page 3 Miscellaneous
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Miscellaneous580 1978-01-30 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Large fender (8) 7 Half-finished garment (8) 8 Go on a bit of a voyage with an artist (4) 10 Like the curtails a doctor copied (8) 11 Raid fruitfully (6) 14 River of molten lead (3) 16 Writes letters of sorts 17580 words
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RAW MATERIALS
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Article368 1978-01-30 4 TERMINAL rubber in London on Friday finished "Irregular" at 0.75 pence per kilo up from Thursday night to 0.60 pence down. Turnover totalled 505 lots of 15 tonnes Including seven call options and five kerbs plus 17 lots of five tonnes. Prices eased back In the afternoon,368 words
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Article140 1978-01-30 4 THE STRAITS tin price In Penang on Saturday rose Mslo to $1,630 per plcul, on an official offering up 21 tonnes to 261 tonnes. In LONDON, tin rose by £32 for cash while Three Months was unchanged in both contracts on Friday. The market was well maintained during140 words
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Article349 1978-01-30 4 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY: Coconut Oil: Bulk >78 sellers, old drum >83 sellers, new drum *88 sellers Copra: Mixed (loose) UK/Cont 155 buyers. Pkppar: Muntok ASTA white t.o.b. 100% NLW >445 sellers. Sarawak white fob 96% NLW >422 50 sellers. Sarawak349 words
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Article73 1978-01-30 4 C I F. US dollars per ton. LONDON: Friday PlWtMU Malaysian 5% Ha bul* April Sumatra 5% f fa Jan Feb March as 1 June/ July Nigeria 5H ffa bulk ROTTERDAM: Sumatra Feb Zaire (Be If francs per Ulo) 493 sir unch 532.50 pd unch unch 487 50pd73 words
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Article334 1978-01-30 4 ROBUBTA futures in London closed around the day's lows with the exception of spot Jan which ended the day £03 higher, on Friday. Other positions were cu down to unchanged from Thursday night. Volume totalled 2,281 lots including 38 options. The official closing tone was steady. Dealers said activity334 words
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Article299 1978-01-30 4 TERMINAL cocoa sold off in the afternoon in heavy trading, to close easy with on-balance losses of £32 to £22.50 per tonne In London on Friday. Final levels were near newly established contract lows In all positions except near March. Turnover totalled 6,644 lots including 20 options. Dealers attributed299 words
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Article230 1978-01-30 4 WEATHER news supported soybean futures through a dull, lightly-tra-ded session and the market closed K to 1-Vi cents a bushel higher In Chicago on Friday. With many traders absent In the wake of the storm on Thursday, trading was extremely light and prices moved easily to either side of230 words
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Article168 1978-01-30 4 SUGAR futures closed £0.30 to £0.60 per tonne down on a turnover of 1,893 lots In London on Friday. Values drifted lower during the afternoon under the influence of trade selling, long liquidation and a slight easing In New York, dealers said. In the morning, values had dipped following168 words
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Article208 1978-01-30 4 BANGKOK rice prices were Suoted as follows on Saturay: (US dollars per tonne fob basis Bangkok): White Race: 100 pet Ist class 370. 100 pet 2nd class 395. 100 pet 3rd class 350. 5 pet 341. 10 pet 323. 15 pet 320. 20 pet 317. 25 pet 315, 35208 words
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Article114 1978-01-30 4 WHEAT futures retained most of their early gains at the close, finishing 2* to 1% cents a bushel higher in Chicago on Friday. The trade was very light with many traders absent because of the weather. The restrictions on grain movement In the wake of the winter storm lent114 words
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Article50 1978-01-30 4 ZINC rose by £3 all round In London on Friday. The metal also reflected the very steady copper trend with Three Months reaching £258 per tonne at one stage. The morning market was subdued In the absence of further liquidation and values held steady in sympathy with other base50 words
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Article49 1978-01-30 4 LEAD on Friday In London rose by £4 all round. The market gained ground during the afternoon In sympathy with the trend In copper with Three Months reaching £318 before profit-taking pared gains. The morning market was steadier on trade hedge covering In the face of small-scale liquidation.49 words
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Article514 1978-01-30 4 THE KILOBAR In Singapore opened Siioo lover at 8113,178 and cloeed at a low of 5513.144 on Saturday. In the London market, the metal opened at U*****.40/ 70 and cloeed at U*****.05/ 39. Source: Siagmaa Retail prices per tael quoted by the Singapore Chinese Gold and Silver MerchanU Association514 words
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Article311 1978-01-30 4 COPPER wire bars rose by £5.50 for cash and £5 for Three Months on Friday, In London. The market was very steady during the afternoon on buying which Is currently Induced by a commission house recommendation. Three Months traded up to £646 per tonne Initially, but softened In the311 words
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Article215 1978-01-30 4 SILVER on the London Metal Exchange (LME) gained 1.5 to 1.0 pence per troy ounce on Friday. During the afternoon, values were marked up in line with the advance In US futures with Three Months trading up to 260.8 pence per troy ounce. A further rise in gold also215 words
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Article824 1978-01-30 4 COFFEE prices held steady throughout the week, In a generally quiet Singapore produce market last week. However, this trend Is not expected to remain-for the commodity during the year. One trader said that he expects coffee prices to fall but as to what extent, he824 words
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MONEY AND EXCHANGE$
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Article168 1978-01-30 4 THE US dollar opened last week at the 2.3360 level In quiet, moderate and active trading on the Singapore forex market, with the unit being traded downwards to the 2.3285 level. There was much apprehension on Thursday over the release of the US December trade figures. The US168 words
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Article51 1978-01-30 4 An*r 7 T R»k 7 .7 f- Bank T Bank of America T 7V» BtakWCkiu T Malayan Banking T B*«k Tokyo T Mitral Bask T Bank Nagara Til II II 1 OCBC OUB IS T Rook 7U UCB 7Vt Pk»a MookoMoo T UMBC T DBS T* UOB51 words
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Article273 1978-01-30 4 Asian rates RATES held steady throughout last week to close a touch firmer In fixed rates on Friday. Short dates were, however, traded lower with overnight Fed funds levelling at 6 13/16 per cent. Trading was brisk with rollovers noted In Three and Six Months. Money supply rose. M-l Increased273 words
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Article314 1978-01-30 4 Source: International Discount Co. THE money market remained (airly easy throughout last week. Cash withdrawals for the coming lunar new year has yet to show Its impact on the market. Interbank Overnight funds were generally traded within the range of three to 3 W per cent. Three and SixSource: International Discount Co. - 314 words
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Article81 1978-01-30 4 Euro rates LONDON Eurodollar deposit rates closed very steady around-openings after minimal rate movements and quiet preweekend conditions on Friday. Weekend held steady among day-to-day rates after earlier firming slightly in response to weekend cover requirements, but other short dates closed little changed from steady openings. Periods shoved very few81 words
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Article211 1978-01-30 4 THE DOLLAR closed stronger against maior currencies, although below its highest levels, In fairly quiet pre-weekend trading. It was aided primarily by short-covering, but was also affected by rumours the US might introduce exchange controls. In Washington, the Treasury declined to comment on the rumours. Sterling closed at211 words
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Article90 1978-01-30 4 THE DOLLAR moved higher against most currencies In late trading here on Friday, standing at around 2.1135/55 marks and 1.9835/55 Swiss francs. Some book-squaring before the end of the month Is helping the dollar and operators are unlikely to take up new positions in the currency until after President90 words
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Article598 1978-01-30 4 Source: AFTER President Carter's various messages, which failed to contain something new In favour of the dollar, the dollar dropped considerably last week. The fall was also caused by an anticipated widening of the trade deficit. But, when the announcement of the December trade figures was postponed until today,Source: - 598 words
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Article48 1978-01-30 4 FOR the week ended Friday Jan 27 the range of call rates received from Short Deposits (M) Berhad was as follows: BANK FUND 3V4 per cent to 4% per cent GENERAL FUNDS 3% per cent to 4% per cent. Movements of fund totalled $585 million.48 words
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Article45 1978-01-30 4 FRANKFURT exchanges closing quotes on Jan 27: U8 2 ilWS/1110 Can < 9055/65 St« 4 115/125 D Fl 93 32/42 S Fr 106 73/93 Ut 2-43/44 F FT 44 62/72 Yen 0 8740/60 B Fr (com) 6.46/47 B Fr (ftn) 6.44/46 N Kr 41 00/0545 words
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Article51 1978-01-30 4 THE interbank money market last week saw overnight funds traded throughout the week at the 3*-K per cent level. Two and Three Months saw a tremendous ease of 3/16 per cent to close at 4 15/16 13/16 and 5 to 4 15/16 per cent, respectively. Smtot: AfUay 451 words
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Page 4 Advertisements
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Advertisement205 1978-01-30 4 In days of yore. When Henry Four Was trying hard to keep Rebellion down, In London Town A tavern in Eastcheap Had great renown: Here did the Crown Prince Henry entertain. With clack and smack And lots of sack His sycophantic train. The Boar's Head Inn (A synonym For food205 words
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Advertisement170 1978-01-30 4 MR. BUSINESSMAN: Is Business slack? Need mora customers? Selective buyers consult the Yellow Pages. Many businesses have found Yellow Pages to be their best (and least costly) salesman in these difficult times. WHY? 1. 24-Hour Availability 365 Days A Yaar. No vacations, no tea breaks, works for you all the170 words
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TRANSPORT
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Article, Illustration1022 1978-01-30 5 TERESA LIM - LAWRENCE MAH AT THE HELM "r TERESA LIM ONE NEW local shipyard which has done little to publicise itself but which is nonetheless being watched with keen Interest is Tech 4 Marine. Opened In August last year with little to boast of1,022 words
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164 1978-01-30 5 SPOTLIGHT AP MANAGEMENT and striking dockworkers reached agreement on a new contract on Saturday, ending the first general walkout at West German ports In more than 80 years. The 11-month pact, which Is virtually assured of approval by the union rank-and-file, calls for aAP - 164 words
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439 1978-01-30 5 KEPPEL Shipyard joined the big league in the shiprepairing industry when Finance Minister Hon Sul Sen officially opened its new $90-million Tuas Yard on Saturday. With the new 150,000 dwt drydock at Tuas, called Temasek-Dock Keppel's capacity to service ships, which in the past439 words
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Article141 1978-01-30 5 AFP RATES eiMd to two-year "lows" on the tanker market lut week a* owner* •trug(M to find employment for their vessels in the very quiet conditions. The number of vessels now being planned for laying up is increasing considerably, shipping circles said in London. EvenAFP - 141 words
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Article111 1978-01-30 5 AFP THE WORLD-WIDE Shipping Group, one of the world's biggest shipping interest, has decided to cooperate in the rehabilitation of Japan Line Company, which has been in financial difficulties because on the slump in the tanker market. World-Wide, based in Hongkong and one of the majorAFP - 111 words
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Article, Illustration156 1978-01-30 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Intermac 312 (0700 alongside Pelsander) 6/7 Barge SML 2001 (after Saran) 27/28 Bergen Maru (JYYB) (after Nedlloyd Schelde) 8/9 Fujltsukl Maru (JHNY) (P/0)( 1100 after Palm Sea Horse subject gas free) 15/16 Golden Eastern (0600 Subject Free Board) 22 King Horse156 words
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Article, Illustration272 1978-01-30 5 Reuter PHILIPPINE Trade Secretary Troadto Quiazon has directed the Philippines Shippers Council to coordinate with Its Japanese counterpart and similar bodies to get shipping conferences to adopt a new and clearer formula in planning freight rates. The Philippine council noted yesteroay that the Japanese Shippers'Reuter - 272 words
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Article, Illustration202 1978-01-30 5 AP THE Glomar Explorer, orginally built by the US Central Intelligence Agency to raise a sunken Soviet submarine from the Pacific Ocean, Js returning to the deep seas to mine the ocean floor. Lockheed Corp. heads a consortium that will use the 36.000-tonne ship toAP - 202 words
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Article606 1978-01-30 5 NYT NEW measures for changing the shape of oil tankers are on the agenda at a special United Nations conference to be held in London next month. If adopted, they should htavily cut pollution and provide a welcome boost in ihe world's shipbuilding IndustryNYT - 606 words
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Article700 1978-01-30 5 ARRIVALS Service Locj J Operator Nam bet Time From CPA CX003 0145 HKG SAS SK097 0650 CPH/THR/BKK MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OIA OA 980 1030 HLP CPA700 words
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Page 5 Advertisements
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Advertisement336 1978-01-30 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****S CITY TEL *****55 -f Call us for your local or onward rp^ervations T>-. >- Rew from Penguin ii I rj i IN PENGUINS I i Yukio Mishlma firmly upheld the traditions of Japan's imperial past, which he believed were being slowly eroded by Western336 words
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REVIEWS
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Article, Illustration891 1978-01-30 6 TSANG SAU YIN - Br TSANG SAU YIN IT ALL BEGAN In a garage i In Orchard Road during the war years 1941 to 1945. Mr. i Goh Soon Tloe then gave his 1 first violin lessons in these i cramped quarters. To supplement his meagre in-891 words
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205 1978-01-30 6 THE AMBITIOUS Singapore Philharmonic Orchestra performs nineteenth-century Czech composer Antonln Dvorak's "New World" (No. 9 In E Minor) symphony onFrlday Feb 3 and Saturday Feb 4, at Bpm, the Singapore Conference Hall ln'Shenton Way, its third concert. Also on the programme are eighteenth-century Austrian205 words
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Article116 1978-01-30 6 THE ALLIANCE FRANCAISE will be showing its usual free French fihnshow (subtitled in English) at the Regional Language Centre in Orange Grove Road, tomorrow, at 9pm. This week's film is "Gueule d' Amour", starring Jean Gabin, Mireille Balin, Rene Lefevre and Marguerite Deval, directed by Jean Gremillion116 words
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Article, Illustration548 1978-01-30 6 ILSA SHARP - By ILSA SHARP WILLIAM Shakespeare's plays put even the most exgerlenced home-grown rltlsh theatre companies to the test for amateurs, British and foreign alike, they are veritable boobytraps. Personally, I have a gut feeling that Singapore's Experimental Theatre Club, which opens "A Midsummer Night's Dream" at 6548 words
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Article, Illustration402 1978-01-30 6 YOUNO HOPEFULS should apply to the Ministry of Culture's National Dance Company, which Is re' crultlng now. The company was formed in 1970 by the Ministry of Culture and besides performing for local audiences and the Republic's very important guests (eg the Shah of402 words
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Article, Illustration1018 1978-01-30 7 DR. K.C. WONG - •y DR. K.C. WONG Dr. Wong is managing director of Aiwa/ Atlas Electronics Singapore) Pte Ltd. MONDAY: The week started with a review with the facilities staff on their work during the weekend. Our factory has Just completed Its expansion programme and .three additional floors were built.1,018 words
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880 1978-01-30 7 ANTONY THORNCROFT - ■y ANTONY THORNCROFT FT THERE MIGHT be a few purists around who buy works of art with no thought at all about their potential Investment value but they must be getting rarer by the day. So Philips, the enterprising London saleroom, has providedFT - 880 words
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Article196 1978-01-30 7 The BtraiU Timet Directory of Singa pore, 197 H Time* Periodical* Pte. Ltd., Singapore, *36 (Contact Mr*. Lucy Chia.Tel: *****1) Reviewed by Chan Bong Soo IF YOU ARE in business and want to know where your business opportunities lie, the Straits Times Directory of196 words
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Article, Illustration985 1978-01-30 7 ILSA SHARP - »y ILSA SHARP THE NATURAL reaction to Indian Jewellery of those with unschooled eyes can perhaps best be summed up in the question posed to me by a Singaporean as we both toured the current exhibition, "Jawahar: The Jewels of the Indians" at985 words
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Page 6 Advertisements
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Advertisement676 1978-01-30 6 I f'JiTii FORUM g HOTEL MS Orchard Bowl, B'pore t. Tel: *****2 406/407 Havelock Road, B'pore S. Tel: *****1 ORChid inn "•n oml> in th# orl«nt" 214 Dunearn Road, S'porc 11. Tel: *****2 Oxley Rise/ Penang Reed, B'pore 9. Tel: *****1 SMGAPORE HLTON Ml Onteri Road, B'pore Tel: *****5 Experience676 words
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Page 6 Miscellaneous
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Miscellaneous68 1978-01-30 6 1W EAT H ER" *v WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 pm on January, 29 at the airport. Maximum Temperature 30.9° C Associated Humidity 63 Minimum Temperature 22.5° C Associated Humidity 95 Hours of Sunshine68 words
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Miscellaneous268 1978-01-30 6 3.30 PM Opening followed by Nalla Illam 7.30 News (Malay) 0 (Tamil Repeat) 7.45 Sandiwara Anakku Sayang 3.30 Diary of Events (Tamil) (Malay drama) 3.35 Afternoon Matinee It's A _8.25 Richard II (William Shakespeare) 0 Wonderful World (Part 1) starring: 8.40 Rich Man, Poor Man 0 Claudette Colbert, James Stewart268 words
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Page 7 Advertisements
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Advertisement420 1978-01-30 7 f ii i Wk 4 «®PBJP£ mcuico I|INC«rORE Tuflin Circus, S'pore 10. Tel: *****1 Marco Polo Restaurant Tse Executive's Business Luncheon a four-course meal of haute cuisine, Inclusive of a glass of wine and coffee/tea Marco Polo Restaurant $17.00 10% service charge 3% government tax Car valets In attendance DAMAOA420 words
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Page 7 Miscellaneous
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Miscellaneous31 1978-01-30 7 Bristol: Frank Di TH6. RT FOHBOYS P«E. HeReT O Y*&J> sfcu U)€. PRE. OETe0 T )«N€C> T H*T sfOOR smy Meet waߣft wrppv owe. Nolo— get out T\4£fl£ RND €JSI3CN NOORSG.LF31 words
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INTERNATIONAL STOCK MARKETS
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Article431 1978-01-30 8 TOKYO: Bhare prices closed »higher 011 Friday in active k tradlnf on buying of big capital »abarea attracted by high yields, dealers said. The D-J average rose 15.72 to ►cloee at 5,044.13 with volume of *210 million shares. The Nev Index closed at ,377.57 up 1.40. Steels, heavy machines431 words
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Article274 1978-01-30 8 AMSTERDAM: Share prices fell on Friday due to lack of Interest following the weak tone overnight on Wall Street, dealers skid. Hoegevwu ted loaaes among Dutch inter-naOons. Elsewhere lower share* lnclud«l IMte Bote. Pakhoed and Akeld. KLM rose 1 .SO guilders on the announcement of a 25.7 million guilder274 words
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Article93 1978-01-30 8 BRUSSELS: Belgian share prices were lower on Friday In quiet trading, bourse sources said. JAN 27 Frs FORWARD MARKET Arbed Astur 2020 +30 407 -3 Brascan 426 -2 Bru-Lamb 1418 unch Canpac 493 -2 Cock 358 -2 Ebes 2365 +10 Electrobel 5880 -80 Ob-Inno-Bm Gev Hobok 1230 -2 260093 words
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Article295 1978-01-30 8 FRANKFURT: The stock market was quietly steady on Friday with early weakness offset later by foreign demand, dealers said. Institutional Investors held back on uncertainty over the current wage round and the West German dock strike. Leading chemicals were steady while electrlcals were mixed. BBC added three marks while295 words
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Article328 1978-01-30 8 PARIS: Shares were little changed on Friday In quiet trading after Thursday's technical recovery, dealers said. The gold-linked 4.5 per cent government loan gained to 783 francs from Thursday's 776. Banks and foods advanced slightly while constructions and electrlcals were mixed and engineerings and metals were weaker. Among foreign328 words
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Article163 1978-01-30 8 MILAN: Stock prices declined on Friday In quiet trading with dealers looking forward to the week-end outcome of political negotiations to form a new government, bourse sources said. Sola ViacoM led the decline In industrials but Pirelli EC was higher against the trend and Olivetti ordinary was unchanged. Insurance163 words
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Article370 1978-01-30 8 JOHANNESBURG: Golds were harder towards the close on Friday in modest trading, dealers said. Most buying was on local account though dealers noted Increasing overseas demand. Financial minings were quietly steady ahead of the weekend. Other metals and minerals were marginally higher on balance tn slack trading. Platinum counters370 words
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Article223 1978-01-30 8 ZURICH: Stock prices were mixed in quiet trading on Friday. An easier opening In line with Wall Street was followed bv a recovery sparked by the dollar's firmer tone, dealers said. The Credit Suisse rose 0.2 to 257.3 jan r F nncs Actions Sulisei 274 unch Alusuliae Br 1305223 words
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Article231 1978-01-30 8 TORONTO: The stock market closed lower on Friday in moderate trading as sharp losses In oil and ff&s and sold Issues pushed the composite Index down more than four points. Losses led gains 217 to 145. Closing volume totalled JiJM" shares against 2,055.235 shares on Thursday JAN 27 CI231 words
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Article978 1978-01-30 8 NEW YORK: Money supply figures that were better than expected and strong speculative activity prevented a further sharp decline In stock piles. Nevertheless, prices moved lower In light trading on Friday. Federal Reserve Bank of New York reported after the close of New York Stock Exchange trading on978 words
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Article67 1978-01-30 8 FINANCIAL TIMES INDUSTRIALS Friday 477.5 Thursday 475.8 Week Ago 487 6 DOW JONES AVERAGE INDUSTRIALS Friday 764.12 Thursday 783.34 Week Ago 776.M LONDON DOLLAR PREMIUM Friday to 75 Thursday 75 S to 76 H.K. HANG SENG Friday 406 65 Thursday 402 27 Week Ago 400.27 ALL ORDINARIES Friday x..67 words
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INTERNATIONAL COMPANY NEWS
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220 1978-01-30 8 NORTH AMERICAN COMPANIES Reuter OULF Oil Corp Mid its fourth) quarter earnings were hurt by a higher provision for US Income tax. The company reported quarter earnings down 19.7 per cent to 9175 million or 00 cents a share from $218 million orReuter - 220 words
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Article294 1978-01-30 8 Reuter SHELL Oil Co said It expects capital spending In 1978 to be about the same as 1977's US$l.B billion. Spending In 1976 was 51.4 bullon. The company reported fourth quarter earnings of $192 million on revenues of $2.6 billion, up from year earlier earnings of $141Reuter - 294 words
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332 1978-01-30 8 Reuter Bethlehem steel Corp said In reporting a fourth quarter profit It Is confident the Improved operating results mark a turning point In restoring adequate profitability to Its business. The company said Its steel business Is better oriented from a profit point ofReuter - 332 words
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Article234 1978-01-30 8 EUROPEAN COMPANIES FT LONDON: The outcome for the current year at Compair will largely depend on the group's own capacity to continue to Improve efficiency and develop new marketing Initiatives, says Mr. N.C. Macdlarmld, chairman, In his annual statement. He tells members that the outlookFT - 234 words
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Article150 1978-01-30 8 Reuter OBERHAUBEN: Gutehoffnungshuette AkUenverc expects to maintain Its dividend for the year to June 30 next, management board member Heinx Kraemer said. The group has proposed a six mark dividend for *****7 against the previous year's seven after earning a net profit of 113Reuter - 150 words
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202 1978-01-30 8 GENERAL Motors' little Chevette Is selling so much better than expected that the Chevrolet division Increased its sales estimate for the 1978 model year by 26 per cent. Robert Lund, general manager of the division, told a news conference that GM now expects to sell202 words
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Article32 1978-01-30 8 Reuter PHILIP Morris Inc, the diversified cigarette and beer company, has reported a 25.6 per cent rise in fourth quarter profits and a 26 per cent rise for the year.Reuter - 32 words
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Article179 1978-01-30 8 Reuter LONDON: Inchcape reported a 4.7 per cent Increase in pre-tax profit to £34.42 million for six months ended Sept. 30, 1977. After tax of £13.44 million (£13.8) and all minority Interests and pre-acqulsltlon profit, the net profit available for appropriation amounted to £19.65 million. TheReuter - 179 words
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Article118 1978-01-30 8 w LONDON: Davy International said its DavyLoewy subsidiary has won an £88 million contract to build a steel bidet mill complex at Ouro Branco near Belo H or lion K in Mlnas Oerals, Brazil, the company said. The order Is part of the Aco Mlnas Oerals 8A118 words
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Page 8 Advertisements
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Advertisement288 1978-01-30 8 The Business Tmes of Malaysia and Development Bank of Malaysia Asean-West Asia Investment Conference Kuala Lumpur, Malaysia, 9-10 March 1978 Asean resources and manpower, West Asian finance and the technology and expertise of the industrialised countries can be harnessed for mutual benefit. The Asean-West Asia Investment Conference in Kuala Lumpur288 words
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Page 9 Advertisements
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Advertisement704 1978-01-30 9 m i: I k srX\- r w MS ■>r,W. "V 5 ■35.-. -3 *S a§L "i "\v »srfe r^Wl &3&eB8 >*, IE CL$l 5tWSfW* f&t-i-: 6A»B :v v-./. «^KjI <■- S??i3« 2sJ§M* m <L*&»' 0 ,w< ••'tJ-*- -IftpS* V safe '<m<s •r- V sr. M S •>5 w>*3 is xggsg704 words
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COMPANY NEWS
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1078 1978-01-30 10 GOH HIANG FONG - What the brokers say... ■y GOH HIANG FONG A PERSON investing In the stock market with the aim of getting the best returns for his money does not always achieve the results he desires. Many factors come Into play when an investor1,078 words
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Article254 1978-01-30 10 < Dorroat Ex Data Total hr Total for prwvtouo year WHNt Date payable the year CuriC 18* Jan 18 Jan 30 24* 18* lMkbiIt)u| 10*1 Dec 28 Jan 30 10* 35* SKA Loatkor 3*ITE Jan 11 Jan 31 9*TE all MtkjuCiMt 12.5*(n) Jan 4 Jan 31 22.9* 22.5*254 words
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Article2616 1978-01-30 10 itn/im Hkk Low Last ■ate West ♦«rGfs Dtv Dfr Ctt Gfs T*M Net P/S Wssk Vel W« (*888) mga ■k Lew SECTION ONI INDUSTRIALS 1M a» 119 246 II* 200 164' 278 422 7 132 145 as 212 97* 196 144 182 390 91 Aetna Alcom Allied2,616 words
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Article1188 1978-01-30 10 January 27 VOLUME on the Chicago Board Options Exchange fell to 75.309 contracts from 92,040 on Thursday as 232 Issues gained compared to the 227 that retreated. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am T«i Am Tel Am Tel AUR AUR AUR Avon Avon-P1,188 words
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Page 10 Advertisements
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Advertisement55 1978-01-30 10 The Love of ooking rt^ X'A r A vV V H> "V > R -v; <*r <» •>. < *s JU:t. > 4»^'■> M< r\ *<? /I '<• f/>. >*»■ 5» i'A -i "rair* «*r rr «T. r/v 4r -A a v SB »tm4 1 5B 5 +k m-M ->w*55 words
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MONDAY SPORTS
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Article, Illustration1209 1978-01-30 11 HUGH McILLVANNEY - By HUGH McILLVANNEY The Observer LONDON: There Is almost certainly no foundation for the rumour that the current Arsenal team is selected after secret consultation with Mr Jack Lynch, but the Taolseach should take pleasure in the unifying influences that have brought threeThe Observer - 1,209 words
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Article, Illustration839 1978-01-30 11 ERNEST FRIDA - By ERNEST FRIDA M.MARIMUTHU Dlaved superb golf to take the $5,000 Ovaltlne Open golf championship by one stroke at the Jurong Country Club yesterday. Marlmuthu was In devastating form as he set a new course record of two-under-par 70 for a threeround839 words
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Article930 1978-01-30 11 TONY PAWSON - •r TONY PAWSON The Observer LONDON: "We have no personal feelings of antagonism against any Packer players," said Mike Brearley irom nis hospital ward. "But the England players attitude all along has been that they could not expect to play for Packer and In Tests. ThisThe Observer - 930 words
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Article, Illustration374 1978-01-30 11 The Observer. LONDON: Karen Robb. a smiling Huddersfield student. exuberantly and conclusively won the Dally Mirror Champions' Cup for voluntary gymnastics exercises at the Royal Albert Hall last week. Last year she controversially shared the title with Blrmlnghaifi's Barbara Slater, but yesterday, despite someThe Observer. - 374 words
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Article, Illustration213 1978-01-30 11 MOSCOW: Valery Vasllyev, 28, a member of the USSR national Ice hockey team was named the best defence player at the last world championship In Vienna. He was honoured with the title for the second time; the first time was in 1973. Valery started to play ice213 words
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Page 11 Advertisements
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Advertisement460 1978-01-30 11 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- 1 ful supra-national government in the world today. I This book is about'the efforts of poor nations to gain some control over their own economies end the f role of IMF in frustrating460 words
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Article, Illustration638 1978-01-30 12 I MEAGRE RESULTS SO FAR Reuter AFP SE PRESIDENT of the C Commission Roy .Jenkins on Saturday urged Japan to take additional ■«asures in the near future CeTcut its trade surplus with the Common Market, which Wait year reached a record fl&ure ofReuter; AFP - 638 words
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408 1978-01-30 12 IN PRIVATE practice, there i IS great disparity in the < rates charged by different i doctors. both general prac■Uoners and specialists. ""-For a similar operation, i ..patients may be charged l <41,000 by one specialist i *3»,000 by another and as as408 words
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Article126 1978-01-30 12 TWO newly arrived senior foreign diplomats, for Australia and for Nepal. f resented their credentials o President Benjamin Sheares at the Istana over the weekend. They are the Australian High Commissioner, Mr. Geoffrey John Price, MBE, succeeding Mr. Laurence Corkery, and Mr. Shardul S. Rana, Ambassador of126 words
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Article, Illustration112 1978-01-30 12 CHUBB Electronics hu introduced ita new generation of teller machines with dual language facilities, which can be tailored to individual banks' requirements. These machines are already in use with the major UK banking groups. The four new models have a high degree of intelligence and flexibility. The112 words
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358 1978-01-30 12 Reuter NET foreign loves tin ant in Japanni bond* row to n new record ef US$669 million (Btl.fi bUlion) last month from a peak of 94*4 million in November. Japan's Finance Ministry announced tkat foreign purchases of bonds, boootod by the ban imposedReuter - 358 words
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568 1978-01-30 12 UPI THREE major airlines arc likely to be left out of an expected agreement to reopen a cheaper, time-saving air route over Vietnam next week. Pan American World Airways (United States hChina Airlines (Taiwan) and (South) Korean Airlines are all expected to beUPI - 568 words
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Article473 1978-01-30 12 A BULLISH view of prospects for Britain's economy and living standards during the next few years has been projected by Stanlland Hall, a firm of economic advisers and business consultants. In the latest Issue of Its economic Indicators, the firm expects a rise in real gross domestic473 words
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Article197 1978-01-30 12 SALMA KHALIK - »y SALMA KHALIK ISRAEL'S diamond trade Is booming and exports for this year are expected to show a 25 per cent increase in value over last year's. This would bring exports to $3 billion this year. Last year's export increase over the previous year was an even197 words
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Page 12 Advertisements
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Advertisement33 1978-01-30 12 TODAY Lunch at OKOH OF GINZA Raffles Quay i > Fantastic Teppan Yaki Steaks! One a'id only Robata-Yak' counter in towni Come S Get It! 9 0 <4 if }KOH OF GINZA 3 mt33 words
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Advertisement249 1978-01-30 12 BUSINESS lulD^C SPECIAL FEATURE BANKING FINANCE IN SINGAPORE The past few years have seen the rapid development on Singapore as a sophisticated financial centre, now, reputedly, the fourth most Important In the world. Today there are 50 Commercial Banks, 26 Offshore Banks, 24 Merchant Banks, 42 Foreign Banks Representative Offices,249 words
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