The Business Times, 6 February 1978

Microfilm: NL9611
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, FEBRUARY 6, 1078 SO CENTS
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  • BRIEFLY...
    • Article
      Lock icon Shah's offer
      72 1 Reuter. MEW DELHI, Bun. The Shah of Iran today ended a four-day official visit to India with an alfer to finance several important development projects here. Iran will supply crude oil to India in addition to Rs present commitment of 5.5 million tonnes to help raise rupees for
      Reuter.  -  72 words
    • Article
      Lock icon Kremlin talks
      55 1 Reuter MOSCOW, Sun. Austrian Chancellor Bruno Krelsky arrives tomorrow for talks with Kremlin leaders on his country's trade with the Soviet Union. In meetings with Prime Minister Alexel Kosygin and other leaders, Dr Krelsky will seek a commitment to restore the trade balance Between the two nations, now
      Reuter  -  55 words
    • Article
      Lock icon Orders up
      64 1 AFP. TOKYO. Sim. Industrial machinery orders in Japan In 1977 totalled US$lB.l billion (8937 billion) up 1.5 per cent from 1970, the Japan Society of Industrial Machinery Manufacturers has reported. Of the total, the domestic orders accounted for $8,787 million, down 5.3 per cent, while exports totalled $7,324
      AFP.  -  64 words
    • Article
      Lock icon Going it alone
      46 1 AFP SEOUL, Sun. South Korea plans to begin oil prospectlon unilaterally In a continental shelf in the East China Sea next June if Japan falls to pass the lato governing their Joint exploration at its current parliamentary session, It was reported yesterday. AFP
      AFP  -  46 words
    • Article
      Lock icon Shades of 1929
      57 1 UPI UNITED NATIONS, Sun. Ambassador to the UN, Jamil Baroody of Saudi Arabia believes there could be a new economic depression similar to the one of 1929 within the foreseeable future. The only way to avoid it is for everybody Evernments as well as people to stop
      UPI  -  57 words
    • Article
      Lock icon Thrifty Britons
      55 1 Reuter LONDON, Sun. Living standards In Britain have about doubled since Just after World War Two. Real Incomes, measured by what wages would actually buy, rose 120 per cent from 1947 to 1970, but what Britons actually spent rose only 90 per cent, because they saved more, the
      Reuter  -  55 words
    • Article
      Lock icon Hanoi seeks help
      46 1 UPI BANGKOK, Sun. For the first time, Vietnam called today for International help In solving Its bloody border problems with Cambodia. Hanoi radio called for "an appropriate form of International guarantee and supervision to help bring peace to Its border with Cambodia. UPI
      UPI  -  46 words
    • Article
      Lock icon Better tomorrow
      37 1 AFP HONGKONG, Sun. A national conference on building materials Industry held In Peking recently has laid down a 10-year plan to expedite development of the Industry and Improve the people's Hving conditions, Radio Peking reported
      AFP  -  37 words
    • Article
      Lock icon Franc talks
      74 1 Reuter. PARIS, Sun. The slide of the French franc and Piher currency upheavals are expected to preoccupy West West German Chancellor Helmut Schmidt and President Valery Discard D'Estalng of France In summit talks opening tomorrow. During Mr. Schmidt's 24-hour visit, the .wo leaders are also likely to discuss
      Reuter.  -  74 words
    • Article
      Lock icon Shanghai sales
      73 1 AFP HONGKONG, Sun. Retail sales at the biggest food and department stores in Shanghai are uo more than 20 per cent over last year's SDrlnt festival, the New China News Agency reported A focal authority on city commerce attributed this to full stocks, steady prices, an 8.6 per
      AFP  -  73 words
  • Article
    TOP TEN STOCKS
    115 1 THE folio wing list of stocks rives the 10 most traded in on the Stock Exchage of Singapore last week. It gives the turnover in thousands of units, ciosina prices on Friday and the high and low for 1177. Compaoy Turn IN Pries Ml HJrt Lew 1*77/1178
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  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      63 1 fan Jea31 P*1 hkl Ml n BT Index: Industrials: 536.50 286.13 528.50 288.02 538.53 286.88 538.50 MJ6 542JS 267 66 finance: Hotels: Properties: 423.48 17S.88 187.31 423.48 17S.46 188.61 423.38 178.80 166.30 423.48 176.07 166.83 4M!O4 171.16 166.01 141.67 433.83 236.67 234.06 Tins: rubbers: OCBC: BBSInd: 141.17 433.60 236.37
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    • Article
      MALAYSIA
      31 1 HMr' r i IEjm-.' ui. ft Dae IMI 100 ft Jan 1, 1975 100 SDK 31, irw 100 Dec 30. IMS 100 fJan 1, WTO 100 Dec 31,' im 100
      31 words
  • Article
    Stratagem boosts local calculators
    721 1  -  TIMELY UPGRADING OF PRODUCTS By RONNIE LIM SINGAPORE'S calculator manufacturers successfully upgraded their products last year to combat both Increased overseas competition as well as falling world market prices for their products. This is reflected In latest trade statistics for the first 11 months of 1977,
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  • Article, Illustration
    Fear that local goods may be priced out
    631 1 INDUSTRIES in Singapore hit by lack of orders In the last quarter of 1977. are worried that their prices (compared with those of overseas competitors) will be the most Important factor limiting export orders In the first quarter of this year. Overall
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  • Article
    BANKS RESUME FOREX DEALS WITH BEIRUT
    164 1 AFTER A break of more than two years, some Singapore banks have resumed foreign exchange dealings with war-shattered Beirut. But the dealings are cautious, with activity mainly confined to commercial covering. The speculative element, which would have activated the market, is still missing. Many
    164 words
  • Article
    Philippine shippers back SNSC to the hilt
    282 1  -  •r TSANG SAU YIM TWO BHIPPERS' groups in Stalk'Uii Asia k(T( backed Malaysia and Siagnpere in sppsslng new rate incrsasos announced by ■hinninf conferenoi in tkft OBIS A statement of support far lk« National Shippers' Councils of Malaysia and Singapore was issuod by
    282 words
  • Article, Illustration
    Singapore's reserves double
    366 1  -  Y SOH TIANG KING SINGAPORE'S foreign reserves have more than doubled during the past tlx years Responsible for this big pile-up In foreign assets Is the uninterrupted record of good surpluses in the nation's balance of payments over the years. The reserves, comprising gold and foreign currencies,
    366 words
  • Page 1 Advertisements
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  • Article, Illustration
    Lock icon Britain still plagued by economic ills
    1996 2 OIL BENEFITS ONLY HIDE TRUTH UPI. BRITAIN'S economy remains sick despite the* euphoria and optimism brewed by a startling financial recovery In the twilight of 19*77. Prime Minister James Callaghan has the North Sea oil revenues, the miracle drug to help effect a lasting
    UPI.  -  1,996 words
  • Article
    Lock icon West Asian building boom easing off
    1003 2 NYT BOOM times in West Asia, with all the phenomenal construction projects that followed the quadrupling of the oil price in 1973, are easing off. According to Arab economists, rapid development has run into problems. The United Arab Emirates (UAE) and Qatar actually suffered
    NYT  -  1,003 words
  • Article
    Bubbly battles hit the courts
    650 2  -  »y JACK GEE CHAMPAONE producers' lawyers In Epernay, France, are poring over tomes of International Jurisprudence as they prepare for court battles all over the world In defence of the good name of French bubbly. Their next big suit will be In Canada, where the
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  • Article
    MEMO PAD
    220 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 4*11 6*7 6—15 6-17 6 17 6 29 13 14 17,18 6 Telephone Techniques and Courtesies Marketing Strategy for Top Executives Material Store Accounting and Control LCA Module 11: Basic Industrial Pneumatics IE Module I: Methods Study S.D. Module IV:
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      198 2 IBJ The Bank for All Reasons Corporate Financing. IBJ is Japan's oldest and largest long-term credit bank. With extensive experience in meeting corporate financial requirements through arranging bond issues and offering precisely tailored loan packages. Main Bank to Japan's Key Industries. IBJ is main bank to more of Japan's industrial
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      610 2 TWO-IN-ONE CRYPTIC B 1 gWI PUZZLE > H H CROSSWORD ACROSS I Worked or played (5) Do battle in the ring (9) It Romeo riven to a certain excess? (5) II Letter in a white envelope (S) IS A fret broken more recently IS if you don't want the dog
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  • OVERSEAS
    • Article
      Lock icon Socialists blamed for French franc's fall
      400 3 Reuter. THlatE is no reason for the franc to continue to fall, given France's economic situation and the strength of "Its reserves, Deputy Finance Minister Robert Boulln said. A continued fall could have a disastrous effect on the balance of payments because many raw
      Reuter.  -  400 words
    • Article
      Lock icon American jobless rate drop promising
      675 3 NYT. THE American unemployment rate declined slightly in January, confirming that the dramatic drop In joblessness at the end of last year was no mirage. The Bureau of Labour Statistics reported that the Jobless rate for last month was 8.3 per cent, only marginally lower
      NYT.  -  675 words
    • Article
      Lock icon US utilities hit by coal shortage
      517 3 UPI. UNITED STATES Energy Department officials, reporting coal stockpiles below the 30-day level at many electric utilities, said power cutbacks may force some American industries to close this month even if the coal miners'strike ends soon. Officials said the longest US coal strike on
      UPI.  -  517 words
    • Article
      Lock icon Pipeline bill tabled
      76 3 Reuter THE Canadian government has tabled legislation In the House of Commons to allow construction of the Cslo billion (Ss2l billion) Alaskan natural gas pipeline to start. The bill was Introduced for first reading by Canada's pipeline nego- tiator and deputy Prime Minister Allan Maceachen. Mr. Maceachen
      Reuter  -  76 words
    • WORLD IN BRIEF
      • Article
        NO CHANGE IN MLR
        546 3 THE BANK of England set the minimum lending rate unchanged at 6Vi per cent. The average rate at Saturday's UK Treasury bill tender rose to 5.9275 per cent from 5.7092 per cent. Last week's £300 million (811.35 billion) offer of 91day bills met applications of £517.6
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    • Article
      Lock icon PROBE INTO MONOPOLY OF FILMS
      216 3 NYT THE US Department of Justice has started its broadest investigation since 1948 into possible anti-trust practices in the entertainment industry. The Investigation 30 years ago resulted In a historic series of consent decrees that forced film studios to sell theatres they owned across the
      NYT  -  216 words
    • Article
      Lock icon Accord on body to monitor copper price
      439 3 Reuter LEADING copper mining and consuming countries have agreed to set up an lnter-govermental copper body to monitor the market and Its trends and to propose action on supplies and prices. The recent Geneva meeting, held under the auspices of Unctad, decided the
      Reuter  -  439 words
    • Article
      Lock icon Witteveen facility vote put off yet v another week
      321 3 AP. FEARING defeat, US congressional leaders have postponed action on a proposed US$l.7 billion (553.92 billion) contribution to an international fund to h*j'p pjoor nations pay their Representative Henry Reuss, one of the bill's sponsors. requested for a week's delay on
      AP.  -  321 words
    • Article
      Lock icon All avenues to boost business exhausted
      564 3 Washington Star, AP THE CARTER administration has reached the limits of what it can do to make business happy. Treasury Secretary Michael Blumenthal said last week. "There's nothing more we can do," he said. Mr. Blumenthal was asked at a meeting to discuss why
      Washington Star,; AP  -  564 words
    • Article
      Disquieting news for UK bond market
      354 3 REJECTION by UK mines and power workers of pay offers within the government's. 10 per cent pay guidelines is overhanging the UK government bond market. Operators are most worried by the powerworkers' threat on possible Industrial action if further talks next week fall to
      354 words
    • Article
      Lock icon BONN TO QUICKEN GROWTH RATE
      119 3 Reuter WEST German Economics Minister Otto von Lambsdorff said his country will quicken its growth rate to help stimulate rates in other Western European nations. He told US Treasury Secretary Michael Blumenthal that West Germany's growth target of 3.5 per cent in 1978 Implied a
      Reuter  -  119 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      59 3 If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack. S FOSTERS ORIGINAL LONDON RESTAURANT m 25A. Amber Mansions.Orchard Road. MB" Singapore 9. A Tel: *****6/*****9. kjffi Fosters Smokehouse Hotel, Cameron Highlands F<M»rs Sorva
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      Page 3 Advertisements Column 2
      90 3 DO YOU KNOW... What is behind the big shake-up at the Bank of America 9 The latest oil discoveries in Indonesia and Malaysia 9 How extensive the Philippines' shipbuilding programme is 9 What plans Indonesia has for tourism? Why Taiwan does not expect a drop in electronics exports this year?
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  • RAW MATERIALS
    • Article
      FOREIGN RUBBER MARTS
      190 4 WEEKEND book-squaring In front of the long eastern Chinese New Year holiday characterised much of the London Friday afternoon business In rubber futures. Prices finished down from the day's highs but still showing, on balance, gains of 0.20 to 0.70 pence per kilo, dealers said. Turnover totalled
      190 words
    • Article
      Straits tin
      139 4 THE STRAITS tin price in Penang on Saturday fell Ms2o-7/8 to $1,080-1/8 per plcul, on an an official offering up 40 tonnes to 365 tonnes. In LONDON on Friday, tin rose by £5 for cash and £37 for Three Months standard while high grade gained £5 and £27,
      139 words
    • Article
      Produce exchange
      258 4 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOBING PRICES PER PICUL ON SATURDAY: CocoaUt Oil: Bulk *78 sellers, old drum *83 sellers, new drum *88 sellers. Capra. Mixed (loose) UK/ Coot. *55 'Cir Muntok AST A white f.o.b. 100S NLW *442 50 sellers. Sarawak white f o b. 98% NLW
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    • Article
      Palm Oil
      67 4 C.I.P. US dollars per ton. LONDON Friday Prvriou* Malaysian 5% ffa bulk April 517 sir 503 sir Sumatra 5% (fa Feb 550 sir 555 sir March MO sir 540 sir April 520 pd 525 sir May 515 sir 520 sir June/July 505 sir 475/477 50 pd Nigeria 5%
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    • Article
      Coffee
      277 4 ROBUST A futures on Friday in London closed barely steady £12 higher to £22 stg per tonne lower compared with Thursday's close. Volume totalled 2,270 lots Including 33 options. Afternoon trading was Irregular and within a £20 to £25 band after morning underlying softness linked I to an easier
      277 words
    • Article
      Sugar
      216 4 SUOAR futures closed £0.10 down to £0.30 per tonne up on Friday in London. Turnover totalled 2,125 lots. The market attempted to rally around mid-after-noon when some shortcovering was prompted by a rise In New York futures, dealers said. However, values later eased back on lack of follow through
      216 words
    • Article
      Cocoa
      163 4 TERMINAL cocoa In London on Friday was under pressure in the afternoon from belated hedging and chart selling to close easier with losses from Thursday night of £25 to £8.50 per tonne. Final levels were around the day's lows. Turnover totalled 4,137 lots including 1,314 lots selftraded and nine
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    • Article
      Copper
      305 4 COPPER wlrebars in London on Friday finished the day showing gains of £7.50 for cash and £7 for Three Months. The market worked higher during the afternoon on pre-weekend covering prompted by the upward trend in US futures. Three Months finished the kerb trading at the day's highest level
      305 words
    • Article
      Silver
      188 4 SILVER on the London Metal Exchange (LME) closed with gains of 1.2 to 1.5 pence per troy ounce on Friday. On the afternoon market, values held around the morning's very steady closing levels following the movement in US futures. The morning market scored modest gains prompted by the rise
      188 words
    • Article
      Gold
      414 4 AFTER the previous Friday's strong close In Zurich of U*****.25/ 177.00, which Is only $1 short of recent highs, gold unexpectedly sold off in New York last week with the physical market closing 51.25 down from the previous close. This setback also Influenced the Zurich market on the first
      414 words
    • Article
      Tin/rubber closing prices
      39 4 Jan30 Jan 31 Feb I Feb 2 Feb J Feb4 Tonnes 270 27* "'S2 tl.TOl tl.MO* Rubber (S) 200 50 2CW7S anS 2 Jf 325 ♦Rubber (M) aS.25 gg SM gi.£ ♦cent» per kilo per plcul
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    • Article
      Zinc
      54 4 ZINC In London on Friday rose by mostly C 4 per tonne. The afternoon market was virtually neglected although light covering held Three Months around C 255. Small short-covering gave the morning market a boost up to £257 for Three Months in the ring, although prices were pared on
      54 words
    • Article
      Lead
      54 4 LEAD In London on Friday gained mostly £6 per tonne. During the afternoon, the market found further covering support back up to the morning's pre-market high of £320 for Three Months. Values recouped some of the recent losses during premarket trading on covering prompted by the trend in coppper
      54 words
    • Article
      Soybean
      70 4 80YBEAN futures recovered or cut early tosses to finish the session 2-1/4 cents a bushel higher to 11/1 cent lower in Chicago on Friday. Soybean meal futures closed with US$l5O to $0.30 a ton losses while oil futures finished with gains of 0.14 to 0.02 cent a pound. Meal
      70 words
    • Article
      Wheat
      39 4 WHEAT futures closed one to 3/4 cent a bushel lower after trading lightly in a narrow price range, on Friday in Chicago. Prices slipped early on exporter selling but found support at lower levels professional and commercial buying.
      39 words
    • Article
      All quiet on the produce front
      734 4 ALL WAS quiet at the Singapore produce market last week. There was a conspicuous absence of demand from the major consuming countries. Prices of all the commodities held unchanged for the whole week except for pepper which was quoted down $2.50 per plcul for
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        171 4 TRADING in the US dollar last week was merely moderate as dealers did not see a renewed attack on the US currency and most dealers kept a squared position ahead of the festive holidays. The dollar opened at the 2.3300/20 level and was traded within this range throughout
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      • Article
        Minimum lending rates
        52 4 ACBC 7 Firat Chicago 1 Alftarot Bank Bangkok Bank 7 f Citibank HSBC 7% Bank of America 7 7H Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Mitaui Bank Bank Negara OCBC Chartered Bank 7'. UCB 7 Chaae Manhattan 7 LMBC T DBS 7*
        52 words
      • Article
        Discount market
        272 4 THE LOCAL Interbank market remained fairly liquid last week. In marked contrast to the usual extremely tight money situation experienced during past pre-Lunar New Year seasons. Interbank overnight funds were generally traded around the 3 Vto 3 per cent level except on Tuesday, being a liability base adjustment
        272 words
      • Article
        Asian $ rates
        261 4 Asian rates RATES held steady throughout the whole of last week in thin trading and closed on Friday on an easier note. Short dates were well offered. Weekly money supply increased by $700 million on the M-l, while the M-2 Increased by $1.2 billion. ASIAN currency average deposit* rales for
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      • Article
        New York
        204 4 THE DOLLAR closed mixed, although generally higher. In fairly quiet trading on Friday, with most of the activity In the French franc. The French franc traded nervously in the morning, easing to 20.38/44 cents at the opening, from 20 80/70 cents on Thursday, and declining still further to
        204 words
      • Article
        Money market
        59 4 THE Interbank overnight market last week maintained an easy tone throughout the week to close at the 3* to 3* per cent level. Transactions in the terms were thin with keen lending interest. The One, Two and Three Months closed for the week at 4-7/8 to 4-3/4, 6
        59 words
      • Article
        Zurich
        683 4 THE FOREIGN exchange markets last week stood under the impression of a sharp downfall of the French franc which was Initiated by the possibility of a left wing victory in the French parliamentary elections next month. At the beginning of the week, the dollar was improving up to the
        683 words
      • Article
        London
        243 4 THE FRENCH franc finished sharply lower here i though above the floor i reached on Friday while sterling partially regained < its earlier losses. The rranc's decline. which caused many commercial operators to sell francs and get into markets and Swiss francs via the dollar, had the effect of
        243 words
      • Article
        Euro $ rates
        149 4 Euro rates LONDON Eurodollar i deposit rates on Friday closed barely steady to occasionally easier in quiet trading. In snort-dates, weekend finished a 2-5/16, 2-3/16 down 3/8 on Thursday's closing level. Dealers reported high liquidity in short-date funds. Near periods were little changed from the midday levels but Four and
        149 words
      • Article
        Frankfurt
        38 4 FRANKFURT exchanges closing quotes on Feb 3: US 2 1035/50 Can I MS/MM Stt 4 OS/OS D F1 93 50/60 8 Ft 106 73/09 Lit 2 416/424 F Fr 42.06/43 06 Yen 6000/0710 I J! 2"> SEr^ir-
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      • Article
        Short term money
        47 4 FOR the week ended Frtdaj Feb. 3, the range of call rates received from Short Deposits (M) Berhad was as BANK FUND 3 per cent to 5 per cent. OENKRAL FUNDS 3 per cent to 41* per cent. Movements of fund totalled 8463 mllhon.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      286 4 The Business Times of Malaysia and Development Bank of Malaysia =RNk 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
      286 words
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  • TRANSPORT
    • Article, Illustration
      World Tiger brings in good tidings
      941 5  -  •y TERESA LIM WHEN SEA-LAND Service's container ship. World Tiger, called at Singapore last Tuesday on Its maiden voyage, it brought with it a promise of Singapore's Kter importance in Seal's future operations. The World Tiger Is the first Sea-Land ship to make Singapore
      941 words
    • Article, Illustration
      NYK PLANS TO ENLARGE THREE CONTAINERSHIPS
      533 5  -  »y GOH ENG KEE THE JAPANESE shipping line, Nippon Yusen Kalsha (NYK) is planning to Jumbolse 'three of Its four containershlps -operating within the Trio group on the Far East/ Europe trade. Under the plan, NYK proposes to enlarge the three vessels Kurama Maru,
      533 words
    • Article, Illustration
      SHIPS IN PORT
      158 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1100 subject free board) 19 Centaur (1300) 45 Ende (1700) 24 Golden Source (0600 after Negro Iron) 22 iumut (1800 after Tutonc) 21 East Ocean Supply (B. Barce)(22oo) 48 Phrontls (0530 hauls after Bunga Seroja for UTM/L D/L must head
      158 words
    • Article
      Lock icon Lanka bids to upgrade facilities
      466 5  -  «r T.B. PERAMUNETILLAKE FT SRI LANKAN ports which He on the strategic Indian Ocean sea routes are going to be streamlined, following a BUI shortly to be presented before the State Assembly. Due for revamping are Colombo, the country's lifeline, and Trlncomalee, possibly the world's
      FT  -  466 words
    • Article
      Experts consider ways to tighten tanker safety
      265 5 INTERNATIONAL marine experts will confer in London today for two weeks to give final consideration to rival proposals for tightening regulations on oil tanker safety and pollution prevention. The conference all UN member nations are invited was called by President Carter in the
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    • Article
      Lock icon Extension approved
      61 5 Reuter THE SENATE Finance Committee on Friday approved. tn Washington, a one-year extension of expiring Investment tax credits for airlines despite objections from the Treasury The proposal, rejected by the House, could help Texas International Airlines and possibly other airlines. Committee staff estimated total revenue loss of about
      Reuter  -  61 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      703 5 ARRIVALS Omm-uAnrn SfTVlCf Local Operator Number Time Prom SAS SK087 0650 CPH/THR/BKK MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0615 KUL MAS MH621 0635 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP CPA CX710 1035 HLP THAI TG423 1035
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      156 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL 23SS8S5 Coll US for your local onward reservations Don't let the language barrier stop you from wider contacts [or .f I £>\V V* cN t*o T i \Y^ 4 o 6 \0 pk^ \N r* per a s* x v f* o
      156 words
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  • REVIEWS
    • Article, Illustration
      An entertaining' chapati western'
      1205 6  -  By ILSA SHARP "BHOLAY" the 1970 Hindi film now showing In town, has got literally everything. Some of what It's got is Its own, a lot Is not. Those of you unfamiliar with the highly stereotype genre might find Director Ramesh Slppy's "Sholay" an entertaining introduction
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    • Article, Illustration
      Young actors show cool ad-lib heads
      684 6  -  By SALMA KHALIK TALENT scouts should keep their eyes open for seemingly minor local events such as the Toa Payoh Playhouse's recent drama evening. Staged by 31 boys and girls between the ages 18 20. with the help of two adult advisors, the evening
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    • Article
      Philharmonic's New World fine and fiery
      580 6  -  By ILSA SHARP WHAT we have all got to do now to to rid ourselves of the wonderment so many of us still feel at the fact that we have got a Singapore Philharmonic Orchestra at all, In the first place, or that It
      580 words
    • Article
      Lock icon The right way to study music
      448 6  -  ■y ROBERT SANGEORGE UPI "HOW CAN a modern student of music know, by Just reading the notes, what a composer writing perhaps centuries earlier, really wanted?" The question was posed by Erich Lelnsdorf, one of the world's greatest living conductors and former music director
      UPI  -  448 words
    • Article
      TWO GERMAN FILM SHOWS
      263 6 THE Singapore Film Society will bo ho wing two films from the new German cinema, "Dor Junge Tories*" made in 1966 by Volker SchlondorfT, and "Eflle Briest" a recent film by the highly influential director, Rainer Werner Fasebinder (at 4pm and Bpm respectively), at the Cultural
      263 words
    • Article
      'Go and do it yourself message lies beneath
      451 7  -  Emporium sad Other Plays Stella Km, Ileiiiemenii Beoks (Asia) Ltd. Singapore 1f77, $3.25 Reviewed by Ilsa Sharp THE Intention behind this collection of five plays (The Naga In The Swamp, Atoka, Kumba Kumba, Emporium and In The Repair Shop) is crucial to
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    • Article
      GREATEST SHOW ON ICE
      79 7 THE Ministry of Culture's programme for this mouth includes National Theatre Trust presentation, "The Greatest Show on lee" by the National Ice Revue of Poland, from tomorrow, to Feb 13, with two shows, at 7pm and *.3Qpm, National Theatre. Ticket* at 915, $10, and 13 are
      79 words
    • Article, Illustration
      Chinese calligraphy isn't mere writing
      819 7  -  •y Our Reporter CHINESE Calligraphy Is more than Just the writing of a few characters, it is an ancient art not easily acquired. For Miss Wong Yuan Ren, who is holding a weeklong demonstration (ending today) on the art at the Cockpit Hotel, calligraphy is
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    • Article
      Lock icon UK has a good story to tell
      1105 7 UPI ONE PLACE where Britannia still make* waves even if she doesn't rule them is the world of the arts. Every measure is subjective and Judgements differ. Yet there are some Judgments so unquestioned they are accepted as articles of faith. British theatre
      UPI  -  1,105 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      554 6 r mm ■■BMfel Cockpit 3Sot*l 6/7 Oxley RiW Pnu| Road, B'pore 9. Tel: *****1 Chanticleer Restaurant Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make
      554 words
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      Page 6 Advertisements Column 2
      163 6 m SNGAPORE HLTON Ml Orekard Road, B'pore t. Tel: *****S Hin's Heavenly Cookhouse Hln's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner.H troupe of local performers entertain
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Passtng showers in the late morning Report tor 24 boon prior to 7.30 pm on February 5 at the airport. Maximum Temperature Aaoodated Humidity "J* Minimum Temperature C Associated Humidity -J7 Hour* rf Sunshine Rainfall ia Millimetrea 7.0 Total Rainfall
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      416 7 4»- >- t T-j manco »:c< Singapore Tanflin Circus, S'pore 10. Tel: *****1 Marco Polo Restaurant The Executive's Business Luncheon a four-course meal of haute cuisine, Inclusive of a glass of wine and coffee/tea at the Marco Polo Restaurant f $17.00 10% service charge 3% government tax Car valets In
      416 words
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      Page 7 Advertisements Column 2
      9 7 [Ca/vwjS *< g *AND vsop l.rlliJ k **rM'i iN^vS 7)
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      220 7 SINGAPORE 5 3.00 PM Opening announcements followed by Valar Pirai 3.30 Diary of Events 3.35 The Making of a Maori Canoe 4.15 Intermission 6.05 PM Opening announcements followed by Land of the Lost 6.30 News in Brief 6.35 Marine Boy cartoon 7.00 Don't ask me 7.30 News in Malay 7.45
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      20 7 Bristol: :Tas. It cm:, ITS WwWG C*T5 PrO DOSS ouTTuefle....u»w DO W fOHBCTfC SuR IA FIASC oh such p* drv
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  • MARKET REVIEWS
    • Article
      Power pay challenge
      940 8  -  =LONDON iy GERALD COLVERD A CONTINUOUS nine day slide In London's equity share values owns an equally, non-stop now of reasons for the decline. The ability Uf talk the London market lower has rarely been better supplied,with the two major trade unions, the mineworkers and the power
      940 words
    • Article
      Lock icon . . . modest advance
      690 8 modest advance NEW YORK NYT. NEW YORK: The stock market forged a modest advance this past week desSlte a surprise dividend cut y the United States Steel Corp., the nation's largest steel maker. On Monday, before the unsettling announcement from US Steel, the Dow Jones Industrial average moved ahead more
      NYT.  -  690 words
    • Article
      Lock icon Surging sharply ahead
      313 8 TOKYO AFP. THE TOKYO stock market •urged up this week on a wave of institutional laves tors' buying centring on blue chipe. The Dow Jones average recovered the S.TOO-yen mark and finished the week at 5.130 yea. up 86.38 yen from last week's chtee. The composite index
      AFP.  -  313 words
    • Article
      Keeping the New Year tradition
      1112 8  -  SINGAPORE ■y GOH HIANG FONG A MILD bullish rally during the later part of trading on the Btock Exchange of Singapore last Friday came as a surprise to many market observers who had almost given up hope of seeing the "traditional" preChlnese New Year rally
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    • Article
      Company News for the week ended Feb 3
      591 8 OTHERS United Holdings, responding to queries from the Stock Exchange of Singapore on its unsuccessful Investments in Syarikat Bunga Raya Timor Jauh and two timber companies. says it has to delay its answers until the outcome of several relevant cases pending In
      591 words
    • Article
      Lock icon SYDNEY
      196 8 Reuter. CUTS in interest rates for housing loam failed to stir the share market and prices continued to fall, brokers said. The share market falls in New York and the apparent sluggishness in metal prices on the London Metals Exchange affected local share prices. Brokers said investors appear reluctant
      Reuter.  -  196 words
    • Article
      KUALA LUMPUR
      565 8 A HANDFUL of bright spots < against a generally easier background wax the main < feature this week at the Kuala Lumpur stock market. While trading was dull 1 and Irregular for the majority of the traded Issues, strong speculative interest < surfaced during the latter > part
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      269 8 '•'"JUJ-.I T'.'J'J'.'.U-'. L m p H 7 CO bc w k: -r** v 'UMmh The three bosk needs and the three ports of Britonnico 3 1. To 9«t at the facts often a single fact easily and quickly, without having to read a long article in-which that fact is embedded.
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Tokyo
      461 9 TOKYO: Stun price* closed slightly higher in mixed trading on Saturday with active selective buying alternating with profit-taking, deaJera said. The Dow Jones average rose 1.00 to dose at 5.130.M with volume of >00 million shares. The New Index ckwed at 383.71, up 0.40. Big capitals rose on buying
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    • Article
      Amsterdam
      244 9 AMBTBRDAM: Prices eased on the dollar's weakness on Friday with internationals led lower by BejralDateh, 1.10 guilders down, dealers said. In banks, ABN gained 1.80 guilders and Awe >0 cents, while the only other gains were recorded by KNBM, Hiiasfcea and NaOoaale Nederlaadea. rn m ru Ahold ***** -1.S
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    • Article
      Brussels
      158 9 BRUSSELS: Belgian share prices were mostly higher in very quiet trading on Friday, bourse sources said. Cobepa, Eleetrobel, Eb«i, Electrafina, FN, Clabecq, Hainaut-Sambre, Tentndtrloo and CBR rose, while Cockerill, Acec and VCB fell. In foreign stocks, Germans, Canadians and UK were little changed, Dutch and French fell and US
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    • Article
      Frankfurt
      347 9 FRANKFURT: Share prices continued firmer in a quiet market on Friday with renewed nervousness on the foreign exchange markets having little impact, dealers said. Maa led engineerings up to 3.20 marks higher while motors were as much as 3.50 firmer In the case of Daimiar. Leading chemicals were steady.
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    • Article
      Paris
      307 9 PARIS: Shares continued to ease in quiet trading on Friday, losing around two per cent on the day. bourse sources said. The market remained undermined by the further weakness of the franc and higher domestic money market rates, thev said. All sectors weakened: Pernodl-Ricard, Pollet Miehaiin. *n<l Thomson Brandt
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    • Article
      Milan
      149 9 MILAN: Stocks were mixed to lower in thin dealings on Friday backgrounded by the continuing uncertain political situation. dealers said. Fridays session started half an hour later due to a bomb threat. Liquigas group stocks improved while Olivetti privileged was marginally higher In depressed industrials. Gnerale Immobiliare and Sifa
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    • Article
      Jo'burg
      344 9 JOHANNESBURG: Gold shares were steadier towards the cloae following hither bullion indications on Friday, dealers said Financial minings were mixed in quiet trading. Other metals and minerals were lower on balance In slack trading. Industrials were quietly mixed. FEB n t Rand INDUSTRIALS A Alpha Abercom AE And CI
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    • Article
      Zurich
      323 9 ZURICH: The stock market ckwdjrenenuiy firmer on Friday despite the weaker dollar in «*£SS market, There was strong buying lnUP t* y»«win« stocks Which roae to a 1*77/ 79 high. Other firmer spots in flnancials included nrW and Umk. Lew was markedly higher among leading banks, despite Its unchanged
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    • Article
      Toronto
      308 9 TORONTO. Share prices closed firmer In active trading on Friday The Composite index was up nearly a point an 9 advances outnumbered declines 178 to 174. Transportation and communications led the 10 ruing sub-groups. Pancaaadlan Pete dropped 5/8 to 31-1/8. The National Energy Board rejected the company's application for
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    • Article
      New York
      1202 9 NEW YORK. Interest rate Jitters and concern over slumping car sales frustrated several rally attempts, sending prices to a mixed finish In moderate trading. Analysts said investors were worried about another big Jump In weekly money supply, putting a squeeze on the Federal Reserve to tighten credit further.
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    • Article
      Indices
      68 9 FINANCIAL TIMES "X INDUSTRIALS Friday 458 7 Thursday «60S Week Ago 4773 DOW JONES AVERAGE INDUSTRIALS Friday 77M# Thursday TtoM Week Ago 7M.lt LONDON DOLLAR PREMIUM jh Friday 77% to 77* Thursday 76* to 77* H.K. HANG SENG 411, Thursday 405 08 Week Ago 406 85 SYDNEY INDUSTRIALS n
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    • Article
      Lock icon Chemical firms need solutions
      107 9 Reuter ROME: The creditors of Italy's third and fourth largest chemical groups, Sir and Liqulchimica, are urgent}} seeking solutions to ths financial problems of these concerns, whose combined debt totals around r.7 trillion lire. The Sir group, which has debts of around 900 billion lire, has
      Reuter  -  107 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      230 9 /i lit -ft ~ssa.. M ft f^ v P >* A J ECCW 'ano s pAce m 0* r 4.. 4 1 '•••v Member of tht Times Publishing Group i\ t" A well-read person is a well informed person. That's why he can always talk about any current event or
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  • COMPANY NEWS
    • Article
      MINI-BULL RUN MAY BE IN THE OFFING
      767 10  -  r What the brokers say... k i GOH HIANG FONG about two weeks ago, the market analyst firm of James Cowan Associates (JCA) took a look at the behaviour of the Straits Timet Industrial index Ace August 1977. ,4t the time of review,
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    • Article
      C. Securities explains MPC loans
      410 10 LOANS made to Central Securities by Malayan Produce Company (MPC), which are now the subject of legal proceedings, arose mainly from security deposits by MPC In advance of palm oil sales by Central Securities. Two such deposits of $2 million were made in January and
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    • Article
      DIVIDENDS ANNOUNCED
      179 10 Current pajnwt Ex Date Date payable Total tar the year Total teprovtowa year Soatkara Kiata C«aaot< Soutbara Malayaa TIa Taatcrloh Perli* Plaatatieaa C. SwvitlM AyerMetok NOT D Keramat STP(iri) Thaw MiHiMai YeoHiapSmc M.BaaUac K.L. Kepoo( Aieorn^^ Sbaagri-La M) 150%(c) 95% C 35% 3.5%I 12.5% 5%<b) 20% 25% 45%<n)
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    • Article
      SHARE INFORMATION SERVICE
      2546 10 tvn/im EBgfc Law Last ■ate Or'. M* DH Cw Or»s rw Nat r/i Vol Day CM*) High Uw INDUSTRIALS 194 MO 11* M M* MS IM 278 422 146 13t IM M 212 97* 196 144 1*2 350 *1 Ac ma Alcorn Allied Choc Bat* Ban Bouataad
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    • Article
      CHICAGO BOARD OPTIONS
      1296 10 February 3 TRADING In option* on the Chicago Board Options Exchange came to 80,887 contract* compared with 02,374 contracts on Thursday. option A PL AT OCT STOCK Alcoa Aim AlCM Alcoa AaiTtf AUTO AmTd AUB AUB AUB Aval Avon-P Avon ATOD-P Avon Avon-P Bank An Bank Am
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      149 10 collktinq Oriental fIMTiouEJ by Judith Moorhouse and Dries Blitz [~igl Hamlyn Group, London. Oriental antiques have always fascinated collectors evoWn M they do the exotic and ln:J 1 to however widely believed that they are too J a i* ra e collec tor. This myth Is perpetuated by all the
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  • MONDAY SPORTS
    • Article, Illustration
      Swee Chew bags Tiger Open
      690 11 By ERNEST FRIDA UM Swee Chew won hlmaelf a trip to the Asian circuit yesterday when he captured the 15,000 Tiger Open golf championship by the skin of his teeth at the Sembawang Country dub. He collected a (at cheque of $1,800 $1,000 for winning
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    • Article
      Lock icon When broken bones are all part of the trade
      440 11 UPI LOS ANGELES: Jim Welnert, twice national motorcycle champion, considers broken bones part of his trade. "Injuries don't scare me," he said. "I get hurt, I heal and I go back to racing." Weinert has proof. In a motorcross race in
      UPI  -  440 words
    • Article
      Lock icon HORSE RACING ITALIAN STYLE
      1407 11  -  •y HUGH McILVANNEY The Observer. LONDON: It would seem that only the bravest dreams could keep breathing on Newmarket Heath In January, when the rain comes in thick, cold clusters, as If aiming at individual faces, and is often aided by a wind that has known
      The Observer.  -  1,407 words
    • Article
      Clouds hanging over US ski slopes
      547 11 VERMONT: Clouds, both natural and man-made, are gathering over America's ski slopes. Downhill skiing, which exploded In the 1960s and early 1970s Into a S3 billion industry, attracting more than 10 million people every year to slopes In 37 states, seems to be losing
      547 words
    • Article, Illustration
      Lock icon Gomelsky is in the hottest seat in basketball
      424 11 UPI. NEW YORK: Alexander Oomelsky watched from the press box In 1976 as the Russian basketball team recorded its worst Olympic finish In 16 years winning a "mere" bronze medal. Oomelsky, the dean of Soviet basketball coaches, who was serving as a
      UPI.; UPI picture  -  424 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      1044 11 China trade... a US$2O billion goldmine Here's how you can tap it In a series of bold moves, China's new leadership has embarked on an ambitious economic development program aimed at accomplishing the modernization of the country's industry, agriculture, technology and national defence. According to senior officials interviewed in Peking,
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  • Article
    Lock icon Chinese need enormous number of vehicles
    269 12 AFP CHINA'S commercial vehicle needs, are "enormous," Paul Berliet, chairman of the supervisory board of Renault Industrial Vehicle* International (RVTI), said, oa hi* recant return from China where he represented the state-owned Renault company. But he warned that the Chinese were very difficult nad
    AFP  -  269 words
  • Article, Illustration
    Room for increased exports to China
    1162 12  -  PEKING BUYS MAINLY COMMODITIES By Our Reporter SINGAPORE has not made any significant Inroads Into China's vast market of 800 million people though the Republic Is the third largest market for Chinese products as well as a major entrepot centre for them. China has
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  • Article
    Tapir adopted
    111 12 THE SINGAPORE Zoological Gardens has announced the recent adoption of a Malayan Tapir by the Cheng Kim Loke Foundation, worth $5,000, under the Animal Adoption Scheme. The choice of a tapir was made by Sir Percy, Lady McNlece and Mr. John Ede of the foundation. This is the
    111 words
  • Article
    Lock icon COMMUNIST SUGAR TRUMP
    581 12 AFP. SUOAR production and consumption In both the Soviet Union and China are so large that even only a small imbalance can have an Important effect upon the overall world market situation. The effect upon prices when these countries enter the market also Is heightened by the
    AFP.  -  581 words
  • Article
    Lock icon All-round gain in Hongkong's foreign trade
    333 12 AFP. HONOKONG'B foreign trade looked healthy last year with values of domestic exports up 7.3 per cent, imports up 12.5 per cent and re-exports up 10.1 per cent on 1976. Trade statistics showed that last year's domestic exports were valued at HK$35 billion (8517.5
    AFP.  -  333 words
  • Article
    Bullish forecast on demand for tyre rubber
    195 12 THE itand for tyre I. the u Tyre rubber ku Malayaiaa generate great taUreit ioi«b| the ia<™«rialiwd couatrioe. especially Japaa aad P—chc•*®vmkia, Mr. Leeag aaid, tW Maiayaia Rubbar Devolopmsat Board (Mardec) factory. In 1*74, Mardec ahippod Umam of tyre rubber to torn oouatriee
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  • Article
    INVESTOR SEMINAR IN JB
    106 12 THE Federal Industrial Development Authority of Malaysia (Flda),. together with the State Economic Development Corporations of Johore, Pahang and Malacca, will be holding a two-day seminar In Johore Baru for Malaysian and Singaporean Investors who are keen to examine the investment opportunities available in the states
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  • Article
    Australia's borrowing philosophy
    89 12 AUSTRALIAN Treasurer John Howard yesterday sought to underline the strength of the Australian dollar by sayln« his country was prepared to borrow substantial amounts on the International money market. Last ysar the Australian government announced it would borrow U891.87 billion (894.3 billion) during 1977-78. "I want to
    89 words
  • Article
    The litter-bug a dying breed
    370 12 SINGAPOREANS are now more conscious of the need to maintain a clean environment than they were a few yean ago, pronounces The Mirror, the Ministry of Culture's weekly publication. The Journal's conclusion Is backed by a host of statistics pointing to the drop in Uttering
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  • Article
    Lock icon New rule may stifle banks' foreign lending
    554 12 Reuter A NUMBER of U8 banks will most probably be unable to continue granting new credits to certain countries If the US Comptroller of the Currency's proposal to tighten the 10 per cent rule on banks's lending comes into force. Dresdner Bank AO
    Reuter  -  554 words
  • Article
    Escalators on the way up in SE-A
    298 12  -  ■y PETER CHIA THERE IS growing market for escalators In South-east Asia. A leading German escalator manufacturer, Orensteln and Koppet (O and K), has recognised the market potential and Is stepping up Its sales drive in the region. O and K's representative, Mr.
    298 words
  • Article
    Move to expand Yugoslav trade
    134 12 YUGOSLAVIA is looking Into the possibilities of increasing trade with Singapore In such areas as dlesel engines, automobile parts, small boats, electrical products and telecommunication equipment. This was stated by Mr. S to J an Andov, Minister for Economic Cooperation in Yugoslavia and leader of
    134 words
  • Article
    PRODUCTION TUMBLES
    74 12 PRODUCTION of seven Japanese Industries suffering from structural recession has dropped to the fiscal 1970 level after reaching a peak in fiscal 1973. The seven are the smallscale steelmaking, aluminium, chemical fertiliser, polyvinyl chloride resin, cardboard paper, textile and shipbuilding in* dustrles. The production Index for six of
    74 words
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