The Business Times, 2 March 1978
1978-03-02
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The Business Times
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Title Section11 1978-03-02 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, MARCH 2, 1978 50 CENTS11 words
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BRIEFLY...
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Article70 1978-03-02 1 HONGKONG, Wed. An Inland revenue ordinance review committee recommendation on shipping profits that resident shipowners should be charged tax on all charter hire Is still under consideration by a working party, Financial Secretary Philip Haddon-Cave said. The working party, of which he Is chairman, Is also considering the70 words
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Article66 1978-03-02 1 LONDON, Wed. The International Maritime Industry Forum (IMIF) yesterday stressed the importance of a scrap-and-bulld scheme fot solving problems facing the world shipping Industry instead of Just building more and more ships IMIF chairman Sir James Dunnett said. The IMIF has asked its financial group to detail66 words
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Article77 1978-03-02 1 AFP ANKARA, Wed. Turkey today devalued its currency by an average 33 per cent against the main Western currencies, the central bank announced. The Turkish pound was devalued 29.87 per cent against the US dollar, 33.87 per cent against the mark. 37.87 per cent against the Swiss franc,AFP - 77 words
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Article58 1978-03-02 1 Reuter. TOKYO, Wed. The Thai government plans to issue a yen bond In Japan through private placement, probably in May, Nomura Securities said as lead manager. Nomura said it is organising a syndicate of banks and securities companies for the bond, whose terms, including loan period andReuter. - 58 words
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Article60 1978-03-02 1 SINGAPORE Airline's first Boeing 727-200s aircraft from Seattle will arrive in the Republic on May 31. A second will come early next month and a third in May. SIA said the introduction of the 8727 services in the South-east Asian and Orient routes will relieve the pressure60 words
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Article43 1978-03-02 1 AP TOKYO, Wed. Japan's colour television production, shipments and exports during January dropped sharply compared with the same period last year, the Electronics Industries Association of Japan said today. The association attributed the poor performance to the continuing sluggish economy. APAP - 43 words
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Article68 1978-03-02 1 Reuter MANILA, Wed. Commercial banks should be allowed to raise their padl-up capital In two stages, first to 200 million pesos by end-1981 and then to 250 million by end-1983. The Bankers Association of the Philippines' (BAP) call is a counter proposal to the Central Bank's thinking thatReuter - 68 words
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Article72 1978-03-02 1 UPI NEW YORK, Wed. Sustained gloomy news about the dollar and a hint of oil price rises ahead combined to drive stock prices lower during the first hour of trading today on the New York Stock Exchange. Against this a background, the Dow Jones Industrial average was offUPI - 72 words
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Chief Price Changes
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Article122 1978-03-02 1 Rises Most active Sungei Be»i 510 Sim Lim 100 Dutch Baby 138 Tganu Dev 119 Dunlop Ind 420 FAN 356 DBS 338 Tan Chong 263 High Low 233 Olympia 187 BRaya 166 Semb Shipyard 152 OCBC 585 Foils S P Textile 110 Dunlop Eat 302 Utd Plantations122 words
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Article, Illustration181 1978-03-02 1 Rises Most octiv e Dunlop Est Tan Chong Sim Llm Rlvervlew 3.10 2.70 1.04 1.50 .12 .11 .10 .10 Sim Llm F. Merlin API B. Raya 362.000 320.000 248.000 224.000 OCBC 5.95 .10 Total Turnover: 3.22m B Raya 1.69 .09 Total Value: M$5.55m S Lumber 1.21 .08181 words
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957 1978-03-02 1 JOHN TAN - FILLIP FOR LOCAL BANKS By JOHN TAN THE HONGKONG government is proposing to Impose profit tax on offshore earnings of banks operating from the colony. This virtually assures Singapore pre-eminence as the offshore banking centre of the region for the current profit tax /ate957 words
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Article210 1978-03-02 1 Reuter. THE SUGAR cane growers 1 representative on the < Australian Sugar Board, t Mr. E.E. Doyle, said In Brisbane yesterday he ex- pected the long-term sugar export contract with Singapore will be amended along the same lines as that concluded with Malaysia. 1 AddressingReuter. - 210 words
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Article577 1978-03-02 1 COLIN CHIE - By COLIN CHIE CHEAP OOLD has been coming into the local bullion market over the past few weeks from Indonesia, though the volume Is not large enough to put the market here Into a discount compared with elsewhere. Oold traders say that the flow of577 words
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296 1978-03-02 1 THE vociferous calls for protectionism and President Carter's tax deferral policy are transitory, the natural consequence of falling profits and growing unemployment In the United States. In the long-term, the policies will be adapted to the dynamics of the International economic situation. This point,296 words
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326 1978-03-02 1 Reuter. THE US dollar yesterday plunged to its lowest level in the history of money, going below two West German marks and throwing the world's' international currency exchange market into a state of crisis. The fall came despite strenuous action lastReuter. - 326 words
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578 1978-03-02 1 TOH THIAN SER - By TOH THIAN SER STOCK markets here and In Kuala Lumpur heaved a sigh of relief yesterday with the defusing of the Harun crisis. The wave of buying which had been abruptly halted by developments In Kuala Lumpur picked up again and many578 words
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Page 1 Advertisements
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Advertisement140 1978-03-02 1 SEE PAGE 6 dSEOItBUSffIESS QCWBTER), 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 including140 words
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Advertisement81 1978-03-02 1 SHIPPING TIMES JAPANESE to wrap up training centre project SINGAPORE has en edge over Hongkong US index of lending indicators training centre pro) SINGAPORE has ai AHOY! the men from Amoy and their mBB— WHITHER the Malaysian STOCK market rally that REACTION to visit of Tokyo MALAYAN Credit loeee in81 words
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Advertisement183 1978-03-02 1 <30> OKI AC2508 PABX MKT MKM t EfHOfNT IMipMM SyilM IMfy IT TAKES MORE THAN TOP QUALITY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B A O BEOMASTERS ARE ALSO CREATED: FUNCTIONAL, RELIABLE. E 3 BEOMASTER WITH magic touch controls ftAA FM stereo tuner/amplifier I 9Uv Power RMS 2x30 watts183 words
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TRADE AND INDUSTRY
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Article206 1978-03-02 2 DATES TITLE COURSES AND TALKS LOCATION ORGANISER Feb 13 Administrative Mar 31 management YWCA, Marine Parade University of Singapore Mar 1,2 Maximising profitability from major customers Hilton Consulasla Mar 2 Effective Personnel Management Hilton P.O.D. Mar 4 11 Business strategy: Formulation and Implementation SIM Conference Room SIM Mar206 words
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Article, Illustration458 1978-03-02 2 RONNIE LIM - By RONNIE LIM A SECOND Japanese team of officials is expected to come here next month to finalise details of the proposed JapaneseSingapore Government Training Centre. This follows Japan's agreement In principle on the project last year and Its despatch of a458 words
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Article127 1978-03-02 2 MR. HUGH Norton will succeed Mr. O.M. Davles as senior representative of BP in South-east Asia and as managing director and chairman of BP Singapore Pte Ltd., BP Refinery Singapore Pte. Ltd., BP Malaysia Sdn. Bhd. and BP Oil Hongkong Ltd. on March 20. Mr. James W.127 words
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323 1978-03-02 2 SWITZERLAND does not fully agree with developing countries that the present world economic svstem should be completely replaced by a New International Economic Order (NIEO). It would prefer that certain areas of the present system be Improved for the developing countries, said Professor Klaus323 words
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Article105 1978-03-02 2 UPI, AFP TEXTILE exports from Hongkong. South Korea and Taiwan to the US and Europe should be done In cooperation under given quotas rather than through competition by offering low prices, a textile expert In Talpeh said yesterday. Mr. Alex Yao, chairman of the Committee of Hongkong WoollenUPI,; AFP - 105 words
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Article157 1978-03-02 2 AFP. SOUTH Korea may cancel Its orders for two nuclear plants Riven to Westlnghouse Electric Corp of the United States If the US Congress stalls financing authorisation, It was reported In Seoul yesterday. The Seoul government Is "seriously" considering switching Its orders from the UnitedAFP. - 157 words
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157 1978-03-02 2 THE Association of ShortCircuit Testing Authorities Incorporated (ASTA) of the UK ii keen to establish agency arrangements with the Singapore Institute of Standards and Industrial Research. According to the latest issue of Technocsm, Sisir's quarterly newsletter, this was disclosed by Mr.157 words
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Article63 1978-03-02 2 AUSTRALIAN exhibitors at the Singapore International Building Exhibition (Slbex 78) from March 15 will be using the latest display booths for visual effect. The modularised stands are designed for easy assembly, according to Mr. Tom Cross, the exhibitions officer from the Australian Trade Commission. He Is63 words
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Article71 1978-03-02 2 THE Government is offering 65 lots of used motor vehicles, plants and stores for public auction on March 8. It will be conducted at the premises of Messrs Cheong Koon Seng In Market Street. The Items on auction can be viewed on March 4, 6, and71 words
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Article57 1978-03-02 2 THE Japanese experience in the field of quality control In the food processing Industry will be made Known to local food manufacturers at a quality control seminar at the Hotel Equatorial on March 27. Two Japanese professors. Mr. Shin Miura and Mr. Kageyu Noro, will speak at the57 words
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Article37 1978-03-02 2 THE Department of Extramural Studies, University of Singapore, will hold a 12lecture course on auditing and business Investigation from March 6. The fee Is $50. Details may be obtained from the department at tel: *****6.37 words
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Article45 1978-03-02 2 AFP. THE presidents of two Chinese banks. People's Bank of China and Bank of China, will visit Tokyo in April or May. They will meet Japanese bankers and businessmen. Talks are likely to centre on terms of payments In their trade. AFP.AFP. - 45 words
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Article203 1978-03-02 2 AFP FOREIGN Investors in Hongkong may look elsewhere as the price of Industrial land there Is rocketing, a leading Industrialist said In Hongkong yesterday. Mr James Wu, chairman of the Federation of Hongkong Industries, said: "Land was recently sold at HKSI,OOO (SSSOO) per square footAFP - 203 words
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Article163 1978-03-02 2 Reuter THE Philippines' largest recording company, Vlcor Music Corporation, Is conducting market surveys In Singapore. Hongkong and Malaysia, Its president. Mr. Vic del Rosario, said yesterday in Manila. "We expect to make a strong bid in the region through tie-ups with local partners in each country;Reuter - 163 words
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Article296 1978-03-02 2 THE MALAYSIAN government should give serious consideration to using gravel pumps in the new tin ventures It is involved in, a British economist has said. This Is because the prevailing high tin prices have made gravel pump mining highly profitable even more lucrative than dredging, said296 words
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Article218 1978-03-02 2 UPI AUSTRALIAN Minister for Special Trade Representations, Victor Garland has begun two days of talks In Brussels to improve his country's trade relations with the European Common Market. In his meetings with executlve commission members, Mr. Garland is expected to press for higher agricultural exportsUPI - 218 words
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Page 2 Advertisements
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Advertisement326 1978-03-02 2 Slow boat <odfr CHINA TRADE QUARTERLY Far East Publications gT 1913. Hanglung Centra. Patarson Street. Causeway Bay, Hong Kong. I —{Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. I —[Please forward issue(s) of China Trade Quarterly326 words
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Page 2 Miscellaneous
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Miscellaneous605 1978-03-02 2 TWO-IN-ONE-CROSSWORD CRYPTIC PUZZLE ACROSS 4 Supporter of Nelson (6) 7 She organises the Area Ball 8 Mostly ready to become a priest (6) 10 Sound from human or nag, maybe (S) 13 Conclusively conned (4) 14 Scorch a pointed ear (4) 15 Baby girl? (4) IS Lay some mousetraps (3)605 words
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OVERSEAS
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743 1978-03-02 3 NYT. A GOVERNMENT barometer of the US economy, the index of leading indicators, took Its sharpest drop In three years In January, the US Commerce Department reported on Tuesday, but economists both inside and outside the government said the prospects were not as blackNYT. - 743 words
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Article207 1978-03-02 3 Reuter THE US January trade deficit will be in the range of US$2 billion (554.6 billion) to $2.5 billion compared with a $2.03 billion December deficit. Bankers and economists, in making this forecast, said that estimating the January figures is unusually uncertain given the distortionsReuter - 207 words
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Article98 1978-03-02 3 Reuter EEC Energy Commission plans to solve the problem of European refinery overcapacity have been rejected by British oil companies and energy and trade union officials, oil industry sources said in London. The EEC plan is for a 60 million tonne cutback in capacity by 1980/82.Reuter - 98 words
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475 1978-03-02 3 Reuter FIRST Boston Corp. senior economist Albert WoJnllower predicted the US dollar will remain chronically under pressure on exchange market this year, primarily against the mark, sterling, the Swiss franc and yen, which are becoming competitive International reserve assets. However, the dollar should beReuter - 475 words
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588 1978-03-02 3 Reuter. US MONETARY growth must be reduced in the long run to more moderate levels to restore general price stability and sustain balanced economic growth. Monetary policy alone cannot accomplish these goals but money growth targeting, however imprecise, can help provide the monetary frameworkReuter. - 588 words
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WORLD IN BRIEF
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Article453 1978-03-02 3 ALAN Greenspan, former chairman of the US Council of Economic Advisers, said the next probable move by the US in defence of the dollar will be to sell Treasury bonds denominated in foreign currencies. If.this approach is adopted, the dollar should strengthen and the foreign exchange market453 words
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286 1978-03-02 3 Reuter. THE EUROPEAN joint float must be maintained as the kernel of further European monetary cooperation. Luxembourg Finance Minister Jacques Poos said in an interview that further collaboration should brine closes the currencies of nonjoint float EEC countries and limit differencesReuter. - 286 words
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243 1978-03-02 3 Reuter. BANK of England executive director Christopher McMahon said he Is confident major world powers will create a new international monetary system In due course by feeling their way towards some common agreed set of policies. He said the new system may beReuter. - 243 words
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Article213 1978-03-02 3 Reuter. WESTERN Europe's average growth in real gross national product will quicken to about 3.1 per cent this year from 2.4 per cent in 1977, Bank of America's director of economics policy research, John Wilson said. He told the Financial Times World Banking ConferenceReuter. - 213 words
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1156 1978-03-02 3 Reuter UPI THE FULL effect of the Swiss government's two packages of measures designed to combat the rise of the Swiss franc may not be felt for another few Senior foreign exchange dealers in Zurich said that holders ofReuter; UPI - 1,156 words
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290 1978-03-02 3 Reuter. THE WEST German government is definitely not planning to Introduce foreign exchange controls, Economics Minister Otto Lambsdorff said. In an interview with the Stuttgarter Nachrichten newspaper, Mr. Lambsdorff said neither the introduction of negative interest rates for foreign deposits nor aReuter. - 290 words
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Page 3 Advertisements
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Advertisement123 1978-03-02 3 MC<P)BSU7B VOL2 NO 2 FEBHUW 1978 PBCE S3OO J" 2% SonwHom»r«w*« V Singapore Tradt A Industry WHAT... is going on behind the posh facades of the mighty merchant banks? is wrong with the communication set-up in your company 9 is causing airlines to adopt a "Change in Altitude" 9 is123 words
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RAW MATERIALS
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Article401 1978-03-02 4 THE Singapore market closed slightly lower with March One RSS buyers quoted at 204.00 cents per kilo yesterday, down 1.75 cents from Tuesday's close. The afternoon session lost a further 0.75 cent on lack of support and further long liquidation. Morning prices lost one cent401 words
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Article325 1978-03-02 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. Int. I R.S.S. March 204.75 205 25N 204.00 204.50N 204.75 205 25 204.00 204.50 Int 1 R.S.S. April 205.25 205.50 204.25 204.75 Int. 2 R.S.S. 200.00 201.00N325 words
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Article109 1978-03-02 4 NOON SSR and SMR prices yesterday. March April RAS (Current Mth) (Foe ■ward Mth) Buyer* Sellers Bu>er» Sellers (cents per kg) (cei its per kg) SSR 20 (1-ton pallet) 194.0C 196.00N 195.00 197 00N SSR SO (1-ton pallet) 192 00 194.00N 193.00 195 00N MRELB SMR5CV (1-ton109 words
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Article30 1978-03-02 4 Rubbar: March 1: Singapore: March 204.00 cento (down 1.75 Mto) Malaysia: March 307.25 cenU (down 1.5S cento) Tin: $1,072 (up 915) Official offering: 275 tonnea (down 108 tamnea)30 words
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Article192 1978-03-02 4 BANGKOK rice prices were quoted unchanged as follows yesterday: (In US dollars per tonne fob. buls Bangkok) White Rice: 100 pet Ist Class 407.100 pet 2nd Class 392. 100 pet 3rd Class 387. 5 pet 378. 10 pet 3«5, 15 pet 362, 20 pet 357. 25 pet 352. 35192 words
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Article417 1978-03-02 4 PRICES held steady In a very dull Singapore produce market yesterday. Dealers reported that there were more sellers for copra than there were buyers. However, the sellers were asking for higher prices than the buyers were willing to take. Most of the oil-mlllers said they still have enough417 words
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Article228 1978-03-02 4 ROBUSTA futures in London yesterday closed the morning officially "steady" but £18 higher to £39 lower, compared with Tuesday's close. Turnover totalled 1,478 lots including 10 options. During the session July traded at a contract low of £1,345 before recovering slightly at the close at £1,355. September also held228 words
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Article66 1978-03-02 4 C.I.F. US dollars per ton. LONDON: Taaaday Pr^tous Malaysian 5* f fa bulk May 8umatra 5* (fa bulk Feb March April May June June/July 512 sir deleted •10 sir 550 sir 537 W pd 510 sir 400/407 Vbpd 544 sir 825 sir 90S sir 500 sir 550 sir66 words
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Article235 1978-03-02 4 In LONDON on Tuesday, terminal sugar staged a partial rally in the afternoon on trade buying and associated shortcoverlng but still closed with losses from previous night of £1.25 to £0.05 per tonne. Turnover totalled 3.527 lots Including 25 options. Dealers said no news had emerged on Syrian buying235 words
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Article310 1978-03-02 4 THE Straits tin price firmed a further MSIS per plcul to $1,672. The continued strength on the London Metal Exchange, with some buying support from Japan, US and local dealers covering activity helped the market higher again. Turnover dropped to 275 tonnes from Tuesday's 380 tonnes, with bids310 words
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Article170 1978-03-02 4 TERMINAL cocoa in London on Tuesday, staged a late rally on outsider short-covering, having previously declined'the £40 limit in near March at £1,669.50 per tonne. Prices closed £9.50 down to £2 up. Turnover totalled 6,855 lots including 12 options and 2,537 lots self traded. Dealers attributed the mid-afternoon limit170 words
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Article356 1978-03-02 4 THE sugar market closed lower In moderately active trading yesterday. Prices ended at their lowest of the day as aggressive commission house selling outwelghted scale down buying by trade houses. The major loser was May which lost 0.23 points while the only months traded were July, September and356 words
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Article179 1978-03-02 4 SOYBEAN futures on Tuesday recovered from early weakness to finish the session at the days highs in Chicago. The three front months closed higher, led by May with a two-cent gain. Deferreds were off as much as 1-1/2 cent. Heavy deliveries and smaller than expected export inspections last week179 words
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Article79 1978-03-02 4 WHEAT futures ck*ed with a one-cent loss in the March but only fractional losses In other months In Chicago on Tuesday. Heavy deliveries and export inspections below some expectations generated liquidation and speculative selling and commission house selling took prices as much as two to three cents lower in79 words
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Article298 1978-03-02 4 COPPER wlrebars In London yesterday finished the morning with losses of £6.50 for cash and £0 for Three Months. Values eased on the premarket under the Influence of modest liquidation prompted by the firmness of sterling against the dollar. Further general selling put the market under fresh pressure In298 words
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Article170 1978-03-02 4 SILVER In London on Tuesday closed fractionally firmer at 256.75/257.75 pence an ounce. Three Montns finished at 261.10/262.10 pence. Dealers said the market was quiet with the price firming slightly in response to foreign exchange movements. Silver on the LME was down 0.3 pence for cash and unchanged for170 words
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Article366 1978-03-02 4 Gold THE kltobar In Singapore opened at S$ 13,664 and closed at 113,686. In London, the metal opened at U*****.90/ 183.20 and eased off to a low of $182.70/ 183.00. However, in the afternoon. the market rallied to closed at a high of $183.30/60 due to weakness in the US366 words
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Article58 1978-03-02 4 LEAD values fell by mostly 16.50 in London yesterday. Early selling on tne premarket reflected the downturn in copper, dealers said, with Three Months trading down to 1288 per tonne. In the ring, however, renewed cash buying, which again appeared to involve producer Interest, gave support and pared losses.58 words
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Article61 1978-03-02 4 ZINC finished the morning with losses of £1.50 for cash and t'2 for Three Months in London yesterday. The market remained subdued with light selling absorbed by short-covering and some borrowing operations which reflected a marginal tightening in the nearby position, dealers said. Three Months traded within a £161 words
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MONEY AND EXCHANGE$
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Article535 1978-03-02 4 THE foreign exchange market yesterday saw the US dollar coming under renewed selling pressures, especially against the yen and German mark. Opening at the 238.00/10 level in the morning against the yen, dollar was quickly traded down to 237.80/ 70 Just before London's opening. London trading, however, saw535 words
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Article72 1978-03-02 4 THE AVERAGE prime rat* of banks in Singapore stands around 7 par cent, with the range running between 6V« per cent and 7Vi per cent. Oversea-Chinese Banking Corporation is at the lower end of the ranee while a number of banks, including Citibank and Development Bank of72 words
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Article136 1978-03-02 4 Asian rates ASIAN currency depoalt interbank rates u at cloae on March 1: US Mk Offar r» (Spat) BM "Mays 1 mth 2 mth* 3mtlu mth* 9 mth* 12 mth* en/16 71/16 ...71/4 ...711/16 ...77/8 ...6 8w. F'l67/6 66/16 61V16 71/6 7 6/16 7 3/4 77/6 Dm. 1 mth 3136 words
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Article46 1978-03-02 4 RANOE of prices offered by discount houses on March 1: Ovemtetu 3%% Call deposits 3*« HmIH Bmyimt 3-Month Selling Treasury bills 31/4 3 1/8 3- Month Bank bills 4 1J/1« 413/18 3-Month CD 5 3/8 S1/4 •-Month CD 51/2 53/8 Source: National Discount Co Ltd.46 words
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Article122 1978-03-02 4 Euro rates EURODOLLAR deposit rates held steady in light two-way trading in London yesterday. One-to six-month rates were adjusted up to 7/16 lower because of the Friday dealing technicality and they showed little change in early dealings, dealers said. Rollover business was small. Overnight and Thurs/ Fri held steady with122 words
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Article259 1978-03-02 4 THE US dollar dropped heavily to new lows here against the Swiss franc and the mark in very nervous opening trading. Against the mark, the dollar was quoted as low as 1.9875/ 90, down from 2.0145/ 65 overnight here, through the two marks per dollar level while the Swiss259 words
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Article187 1978-03-02 4 THE dollar yesterday closed lower against major currencies In moderately active trading, partly reflecting news of a 1.9 per cent decline In US leading Indicators In January. In addition, the dollar was affected by West German Economics Minister Lambsdorff's statements ruling out the imposition of exchange controls. The187 words
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Article181 1978-03-02 4 THE US dollar fluctuated against major currencies In moderate trading yesterday, compared with opening levels. The US unit was being quoted at 2.0050/70 marks, unchanged on an early morning level, but firmer on the mid-session rate of 2.0030/50 although still well down on the New York close of 2.0100/20.181 words
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Article87 1978-03-02 4 THE dollar yesterday for overnight delivery closed lower at 237.62 yen, against a 238.00 opening. The Bank of Japan bought an estimated $170 million in morning trading to check the dollar fall, but no afternoon Intervention was detected. Trading was heavy with volume $405 million. The Bank of Japan87 words
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Article61 1978-03-02 4 AUSTRALIA/NZ exchanges quotes on March 1: AUSTRALIA US dollar 1 1403/1 1355 Sterling 0 5600/0 5829 Ninety-day air mail buying rates Sterling 0 6037 US 1 1703 Ninety-day forward buying rates Sterling 0 5885 US dollar 1 1374 NEW ZEALAND: Sterling 0 5299/0 5271 US dollar 1 0309/1 020961 words
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Article59 1978-03-02 4 ZURICH exchanges closing quotes on Feb 28 US 1 (960-8580 Sterling 3 5813-5080 Can > 8638-6868 D Mk 91 2804-4055 D Fl 89 1503-3466 F Fr 38 5969-9899 B Ft 9 8610-8742 D Kr 33 2299-2975 N Kr 35 0000-0769 S Kr 40-2477-3212 Ut 0.2173-2177 Aus sch 12 8708-704359 words
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Article43 1978-03-02 4 FRANKFURT exchanges opening quotes on March 1: US 2 0080/ 80 Qui 1.7*10/90 Sterling 3 880/ *00 DTI 92 93 15 Sfr 111 85/112 09 Lit 2.346/ 366 Ffr 42.2 V 3* Nkr 38 22/32 Btr (con) 6.687/ 422 Bfr (fin) 6.41/4243 words
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Article38 1978-03-02 4 THE MONETARY Authority of Singapore invites banks and discount houses to tender a total of B*2o million 91day Treasury Bills to be Issued from March 6 to 10. Each tender must not be less than $250,000.38 words
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Page 4 Advertisements
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Advertisement168 1978-03-02 4 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE txP MM RESEARCH BULLETIN This uniqu« publication offers businessmen eafth month a comprehensive guide tp the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin168 words
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TRANSPORT
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779 1978-03-02 5 TERESA LIM - TERESA LIM THE TWO-DAY Japanese shlprepalr mission that was in Singapore this week marks a development that is viewed by the local industry with mixed feelings. But though there may be some cautious optimism on the one hand, there is more scepticism on the779 words
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Article, Illustration290 1978-03-02 5 DART-Contalnerllne Inaugurated a full container service last week between the US East Coast/ Canada and Europe with Hamburg serving as the only German Brt-of-call, making It the 9th container service to serve the port. Dart, which hitherto served north German ports with feeder ships from290 words
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Article, Illustration335 1978-03-02 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (1700 after Rajah Brooke) 21 East Balashlka (after Tarantel) 10/11 Bunga Melatl (1200 after Krltl Pearl) 33/34 Hui Yang (BIQI) (after Nikkei Maru N0.5) 0/7 Ibn Jubayr (1300) 1/2 King Pearl (0600 after Samson) 23 Lumut (2300 after Rajah Brooke) 21335 words
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305 1978-03-02 5 THE PRODUCTION capacity of tkt Piinumn skipbuildlag iaduatry ahould be pruned to bring it i« 111* with market prospects, and the shipyard* have to he made more competitive, Commoa Market Commlaahmor far Industry, Etleaae Davignon, aaid ea Tueeday. Although production level la305 words
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321 1978-03-02 5 Reuter. THE US Civil Aeronautics Board will recommend the suspension of British Caledonian Airways' flights to Houston from London in retaliation for Britain's refusal to approve a low London Dallas/ Port Worth fare by Braniff Airways, board sources said on Tuesday. They described theReuter. - 321 words
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Article219 1978-03-02 5 PAN American World Airways, which for most of Its life has been exclusively an international carrier, signalled on Tuesday Its planned entry Into the US domestic market by proposing 50 per cent fare reductions on some US routes. PanAm's fare proposals filed on Monday and219 words
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Article107 1978-03-02 5 QANTAS.Australia's Inter,national airline, la to introduce a system of compensation for passengers put off Qantas flights because of the practice of overbooking. The airline announced yesterday It would pay from AS2O to $200 (3552.40 to $524) plus accommodation compensation for any passenger offloaded because of overbooking. The airline107 words
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186 1978-03-02 5 Reuter. THE EUROPEAN Airbus Consortium said In Toulouse, France on Tuesday that negotiations for the sale of the 250-seat airliner to Iran were being finalised, but the contract had still not been signed. It was commenting on West German radio reports that the consortiumReuter. - 186 words
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Article115 1978-03-02 5 THE Singapore/West Malaysia/west Africa freight agreement covering the Angola-Cameron and Nigeria-Senegal sectors has announced a general freight Increase of 13.4 per cent effective May 1. The agreement, which comprises six member shipping lines, said In a notice yesterday that the rate hike was necessary "In view of115 words
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Article107 1978-03-02 5 US COAL fixing gave some feature on Tuesday to an otherwise uninspired market on which scattered business revealed no change in rate patterns. The "Kyoto" received US$4 (SS9 .25) (discharge free for a 50,000-tonne March 20-30 coal shlpnent from Hampton Roads to the Mexican port of Laxaro Cardenas,107 words
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Article228 1978-03-02 5 THE States Steamship Company of San Francisco operates a fleet of five fast modern cargo vessels and four roll on/roll off (ro-ro) ships under the US flag, serving Pacific coast ports and the Par East. Five cargo vessels of the "Colorado" type call at Singapore. Each "Colorado" Is228 words
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Article725 1978-03-02 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0715 KUL MAS MH682 0610 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH67I 0945 PEN/KUL OLA OA 980 1030 HLP CPA CX710 1035 HLP. SIA SQ103 1045 KUL SIA SQ209 1045725 words
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Page 5 Advertisements
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Advertisement245 1978-03-02 5 Mat hematics and Statistics in Penguins Statistics in Action: Peter Spnent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to245 words
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Article363 1978-03-02 6 THE high-powered Japanese shlprepalr mission's recent visit to Singapore signals Japan's recognition of Singapore as a serious competitor in the shlprepalr Industry. It should also serve as a warning bell to the local shiprepair yards which, In their eagerness to secure contracts in a363 words
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Article320 1978-03-02 6 IT IS totally surprising to learn that the Australians are likely to change the terms of their sugar agreement with Singapore in line with the modifications that have been agreed with Malaysia. Both agreements were made at the same time and on roughly the320 words
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Article, Illustration2691 1978-03-02 6 SOH SIAM LOH - "r SOH SIAM LOH WHEN AMOY Is mentioned, It Immediately calls to mind the local Amoy Canning In Singapore. This Is not entirely wrong Amoy Canning had its origins in Amoy where "grandfather first started making soya sauce on a commercial scale," recalled John Wong, sub-manager of2,691 words
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Page 6 Advertisements
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Advertisement109 1978-03-02 6 SA at jy smGapura FORUM jjj HOTEL iSS Orchard Rood, S'pore 9. Tel: *****2 Pebble Bur Come and be enchanted by the repertoire of the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop Our Quick109 words
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Advertisement121 1978-03-02 6 406/407 Havelock Road, B'pore S. Tel: 433M1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Phillipines), Miss Tang iLey Sonny Bala The New Moonglows, Anna St Mlna (from Japan) and Lotus Tan St Limited 3 treat you121 words
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Advertisement152 1978-03-02 6 Orachid inn "an oast* In tit* oriant" 214 Dunearn Road, S'pore 11. Tel: *****2 N# Dick (24 Hr. Coffee Boom) Whet your appeUte with our wide variety of Inter-Continental food laid on our buffet lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults $8.00 3% Children $0.00 3% Weekends: Adults152 words
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Advertisement170 1978-03-02 6 Cockpit $eifl %H Oxlmy RAW Penu| Road, S'pore 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 your own kind of170 words
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Advertisement162 1978-03-02 6 9NGAPORE HtPON Ml Orchard Road, B'pore t. Tel: *****3 Hin'i Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuistae; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local performers entertain162 words
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Page 6 Miscellaneous
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Miscellaneous137 1978-03-02 6 WEATHER From March 1-15: Although fair weather persists over most of South and South-east Asia north of the Equator, unstable atmospheric conditions have developed over equatorial latitudes of South-east Asia during the last few days Singapore is therefore likely to be affected bv shovoery conditions for another 2 or 3137 words
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Miscellaneous259 1978-03-02 6 RADIO SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies The Clampett-Hewes Empire (Repeat) 0 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin (Repeat) with English subtitles 4 A Mandarin drama serial 4.20 Intermission 6.00 Opening announcements followed by Lassie Inferno* 6.30 News in Brief*259 words
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1052 1978-03-02 7 TOH THIAN SER - •y TOH THIAN SER LAST WEEK saw a flow of oilmen passing through Singapore where they attended the Offshore SEA conference and Exhibition. Much was said and the large number of exhibits on the Industry spilled out of the available1,052 words
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Article, Illustration1290 1978-03-02 7 A. KADIR JASIN - Environmentalists are not the only ones worried about the depredation of the world's forests even if they are not worried about the loss of natural beauty, nor about the unknown potential for soil erosion and consequent flooding, there still remain good hard economic grounds for1,290 words
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Article421 1978-03-02 7 A LITTLE bird tells me that Mobil Oil's chairman Mr. Roger O'Neill, who will be finishing his assignment here towards the middle of this year, will be replaced by a Japanese, Mr. Suglhlra vice-president of Mobil's Tokyo operations. Mr. O'Neill will be going to London to421 words
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1025 1978-03-02 7 FRANCOISE DUMOUSSAUD - FORUM. r ...00 industry ■y FRANCOISE DUMOUSSAUD IN A RECENT Interview on Singapore's Industrial and trade altuatlon, Prime Minister Lee Kuan Yew said that If necessary the Republic will "stop making Jeans and shirts and go on from manufacturing mini computers to bigger one*1,025 words
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Page 7 Advertisements
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Advertisement385 1978-03-02 7 is S3 mciiico 5M Tanglin Circus, S'pore 10. Tel: *****1 The Coffee Shop Bright and bustling, 24 hours a day, with the best patisserie in town. Car valets in attendance HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel. *****11. MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3. HOTEL385 words
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Advertisement8 1978-03-02 7 ,1 HenkellTrocken The award-wiming sparkling wine from Germany.8 words
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Page 7 Miscellaneous
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Miscellaneous24 1978-03-02 7 Bristol DickeiiS I vtou) icMG you •M %¥L Ofty CUEPvMfrJG &USt*€SS Vomß Fpce seemsyppuei Do „> USOMOUT H»ro s\R, V*f'S \K Tv*e BP»C< ,Qifc£S V-Von24 words
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INTERNATIONAL STOCKS MARKETS
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1242 1978-03-02 8 New York FRESH indications of a weakening economy and the dollar's plunge to near-record lows In Europe combined to drive stocks to a three-year low In active trading on Tuesday. Also weighting down the market was a government report of a slowdown in productivity in1,242 words
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Article326 1978-03-02 8 SHARE prices closed broadly lower in busy trading on Tuesday. with the composite Index off more than 3*4 points. Declines outnumbered advances 251 to 168. Reichhold Jumped 1% to 9% on news that Sun Oil Co Is considering a takeover bid. Gibraltar Mines, which omitted a divfdend, dropped 10326 words
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Article310 1978-03-02 8 FEB a Rand INDUSTRIALS A Alpha 95 unch Abercom 150 unch AE And CI 212 +2 AMIC 800 -20 Barlows 315 -5 Cg Sugar 680S CN A 110 Currte Finance 55 -2 De Beers Ind 870B -10 Edcon 160 unch Edgars 2050 -50 Eveready 175S Fed Volk 137 +7310 words
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Article416 1978-03-02 8 EUROPEAN MARKETS PRICES closed lower on European bourses on Tuesday. In AMSTERDAM, share prices weakened over a broad front following Wall Street's overnight weakness, dealer* said. Share prices In ZURICH also fell sharply over a wide front on hinvy selling following the ban on non-resident purchases of416 words
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Article218 1978-03-02 8 FEB FIs Ahold 100.00 urvch Akio 21.20 -06 Algbank 338 00 -55 AMEV 78 00 -0# Amlus 103 00 -2.5 Aiurot Bunk 72 20 -0 6 Bergoss 56 50 1 Berk 102 30 ♦0 3 Bo Is 72«0 +0 6 BorsumlJ 141.50 unch Burhmann 67.50 -0 5 ByenkorJ 79218 words
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Article182 1978-03-02 8 FEB Francs Actions Sulxaet 270 -1# Alusulsse Br 1240 -00 Alusulsse Reg M2 -16 Brown Bovert Br. 1680 -70 Clba Oelgy Br 1210 -115 Clba Oelgy PC 915 -75 Ob* Geigy Reg ten -10 Credit Suisse Br 2310 -200 Credit Suisse Reg 438 -29 Elektrowatt Br 1630 -140 George182 words
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Article548 1978-03-02 8 Tokyo WITH the yen appreciating against the US dollars, and the Increase of the margin debt balance of the three major stock exchanges. Issues which have risen recently eased under profit-taking. On the other hand, speculative Issues with Incentives such as Alps Electric. Mitsumi Electric. Okamoto Rlken Gomu,548 words
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Article335 1978-03-02 8 TO THE surprise of many local brokers, the market yesterday failed to appreciate the Hongkong Bank results. Shares particularly weak included Hongkong Bank down 30 to $17.00, Swire Pacific down 10 at $5.30, Stelux at $2.05 and Lap Heng closing $3.00. Hang Seng Index 410.89 2.08) Turnover: $21.97 million.335 words
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Article151 1978-03-02 8 MAR *1 Bahts Asia Fibre 380 1 Bangkok Bank 406 -2 > Bangkok Invert. 400 ♦2' Bangkok-Metro-i politan Bank i Bata i BerllJucker i Carpet Intnl Charoong Thai Wire 436 -3 i Dumex DusltThanl 375 +1, raber Merlin Flrrt Trust 1 Genera Finance 460 unch Indo-Thal Industrial Finance Corp151 words
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Article57 1978-03-02 8 FINANCIAL TIMES INDUSTRIALS Tuesday 443.4 Monday 88% to 97% H.K. HANG SENG Monday 441.8 Week Ago 454.6 DOW JONES AVERAGE INDUSTRIALS Tuesday 742 12 SYDNEY INDUSTRIALS Wednesday 380.55 Tuesday 389.83 Monday 748 35 Week Ago 404.29 Week Ago 749.31 LONDON DOLLAR PREMIUM Tuesday 87H to M* ALL ORDINARIES57 words
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Article93 1978-03-02 8 FEB 28 Fn forward market Acec 221 -6 Arbed 2270 -30 Astur 500 17 Brascan 426 -2 Br u-Lamb 1406 ♦4 Canpac 481 1 Cock 380 IV Beers 162 -I Ebes 2350 +5 Electrobel 8040 *30 Gb-lnno-Bm 1860 -10 Oev 1230 unch Hobok 2330 -40 Petro 3845 -45 Ryl93 words
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Article209 1978-03-02 8 FEB Dm Aer-Telefunken 87 70 Akjo 20 -0 5 All* Leben 630B unch AUz Vers 480 -9 BASF 138.10 -1.9 Bay H T Wbank 287 -2 5 Bay Vbank 318 -4 Bayer 138 30 -1 BBC 298 -2.1 BMW 227 -2 CasselU 375.50 ♦0.5 Chem Verw 217 -2.5 ommerzbank209 words
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Article280 1978-03-02 8 INDUSTRIALS closed mixed yesterday, while minings continued to decline. The Sydney All-Ordlnarles fell 1.24 points to close at 441.19. BHP gained six cents to ASS.2B. ACI was steady at $1.59 while the Bank of NSW shed four to $5.10. MAR 01 Genu INDUSTRIALS A. C.I 155 A.N.I 138 A.PM280 words
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Article287 1978-03-02 8 FEB 28 Fr* CORBEILLE Air-Liquide 242 unch B 8 N Gervals Du nonr 337.80 -1.7 CSF (Thorn sonC*f) 138 SO •0.5 Cie Francalse des Pet roles 97 SO -2 Compagnie Financier* umpagnie Generate 284 unch Credit Foncter De France 281 10 ♦I Huchette (Librairie) 126 -0.5 Machines Bull 26287 words
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Article130 1978-03-02 8 THE market closed mixed yesterday, with commercials averages advancing slightly and oils and minings posting slight losses, and turnover fell to 1.09 million pesos from Tuesday's 4.17 million. MAR 91 Pesos Acoje Mining Alias Con A Atlas Con. B Bagulo Gold Benguet Con B BF Goodrich CDCP IncoB Lepanto130 words
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INTERNATIONAL COMPANY NEWS
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Article196 1978-03-02 8 ASIAN COMPANIES HONGKONG: The directors of the Hongkong and Shanghai Banking Corporation have announced that, subject to audit, the profit of the group is approximately HK$522 million for the year ended Dec 31, 1977 (1976 *393 million). The profit of the bank, including dividends from subsidiaries was196 words
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Article97 1978-03-02 8 Reuter. HONGKONG: Westdeutsche Landesbank Glrosentrale has acquired from Hutchison Financial Corp Ltd (HFC) its 45.45 per cent shareholding worth a nominal HKS2S million In Hongkong-based merchant bank Asian International Acceptances Capital Ltd (Aslac), Westdeutsche and Hutchison Whampoa said in a joint statement. The amount ofReuter. - 97 words
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222 1978-03-02 8 Reuter MELBOURNE: EZ Industries Ltd reported on unaudited group pre-tax loss of A 53.75 million (profit $11.06 million) for the 28 weeks ended Jan 11. Revenue fell to $69.30 million (78.40 million). The after-tax group loss is $685,000 (profit 6.36 million). The resultReuter - 222 words
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Article204 1978-03-02 8 NORTH AMERICAN COMPANIES UPI CHRYSLER CORP officials, blaming depressed sales, labour trouble and rising inflation and production costs, reported that 1977 profits fell to U*****.2 million, a 61 per cent decline from the previous year. The No'. 3 car maker's yearly earnings were depressed byUPI - 204 words
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Article47 1978-03-02 8 CARNATION Co says Cof-fee-mate and some of its other dairy products are "adversely affected" by reduced coffee consumption. However, the company. reporting 1977 net Income of U552.93 a share, up from $2.78 in 1976, said most other products and business areas showed sales increases.47 words
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Article275 1978-03-02 8 ACCELERATED use of minicomputers that automatically direct sophisticated machinery to perform varied Industrial manufacturing operations may revolutionise assembly-line procedures within the next five years, according to a Lockheed executive. Dan Heidt, director of manufacturing for Lock-heed-California Company, predicts that many manufacturing processes previously conducted manually will be taken275 words
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Page 8 Advertisements
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Advertisement54 1978-03-02 8 The Love oi ooking w n y Jl*.f\ 4 Kmmm Lo, tho wH known CMinm nonkori ■■■H.■ i M i,. J wvfiPvf imrooucM mv rv#o#f 10 in# Mcnmputt of CMimm cooking, ind qNw mi M|M kilo ttidr ujilquo m^^oatk^ Beginning vrtlhohnploonorocljwe to try, onoo tho °bMlc«' > hoU>* l bow!54 words
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Page 9 Advertisements
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Advertisement1373 1978-03-02 9 f* M mr '•vt?.;* >«r fc': **&>•• Roy Mackie, Editor, Business Times m v •WS 8* 1 «v K9RW T^yvy; K5 orS .0*?: '■V Teresa Lim, Journalist, Business Times John Tan, Economic Writer, Business Times Chan Bong Soo, City Reporter, Business Times B*k ?t#jgßfc Tye Kim Khiat, Chief Sub editor,1,373 words
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Article1543 1978-03-02 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterMy with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All *9me Settlement Contracts quoted after the world Hsett." Big Board deal1,543 words
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Article168 1978-03-02 10 5 1/4* 15/10/79 (250,000) (101.208 101.408) 5 3/4* 15/8/80 (250,000) (103.705) 4 3/4* 15/9/80 (250,000) (99.708 99.858) 6 3/4* 1/12/80 (250,000) (103.70B) 5% T F 15/4/81 (250,000) (101.60B) 5% T F 15/10/81 (250,000) (101.55B) 5 1/4% T F 15/7/80-83 250,000) (103.505) 5% T F 1/5/83 (250,000) (100.108 100.20S)168 words
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Article50 1978-03-02 10 Australian D B 8 1/4* 1982 (100,000) (98KB 99KS) B O T 8 1/2% 1981 (100,000) (100HB 101 KS) B O T 7 5/8% 1984 (100,000) (95K8 965) B O T Floating 1984 (100.000) (99K8 99KS) C Itoh 8 1/8% 1984 (100,000) (95K8 96KS) LTCB J 1982 (100,000)(99KB50 words
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Article293 1978-03-02 10 STRQCINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (March 81.70) (0.268). (June 81.70) (0.268 0.365). C and C (June $2.20) (0.528).293 words
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Article163 1978-03-02 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager* 1 price* for Mar 2) (Current pi rice*) The Commerce 1.78 1 89 INCOME BOND 1 09 1 18 The Saving Fund 1.04 l.lOxd MARA BUMIPUTRA FUND S'pore Prog Fund S pore Security Fund S'pore Invest Fund 0.85 0.90 (Manager*' pricet163 words
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Article1350 1978-03-02 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units Unless otherwise specified. INDUSTRIAL* Acnta (1.578) (1) l.as. Ajinamata (2.18B). Ale cm (2.648 2.675;1,350 words
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Article2368 1978-03-02 10 1*77/1978 High Low Company Last Sale +OTGr't DW DH C*T Gr'a YH Net P/K V«l (tW) Day Higk Low SECTION ONE INDUSTRIALS X 159 268 119 260 88* 234 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Ac ma Atcom Allied2,368 words
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Article1502 1978-03-02 10 F OPTION ebrui APL ary 2 JLY 8 OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P 40 45 50 90 55 00 05 45 50 SO 40 40 45 45 50 50 3/4 1/S1,502 words
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Page 10 Advertisements
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Advertisement136 1978-03-02 10 o* c study with WJscv Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC/GCE A Level MCE/SCGCE O Level London/AEB GCE A O' Levels Modern Mathematics for Teachers Foulks Lvnch IX)NDON Ass of Certified Accountants136 words
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Article, Illustration706 1978-03-02 11 SINGAPORE SHARE prices took a turn for the better in much improved volume on the Stock Exchange of Singapore yesterday. The market recovered on news that Datuk Harun had surrendered himself to the police peacefully. Good all-round bullish support resulted in advances leading declines eight706 words
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638 1978-03-02 11 WITH sentiment turning distinctly better, share prices made an encouraging rally on the Kuala Lumpur Stock Exchange yesterday. Unlike Tuesday's mildly steadier but generally hesitant trend, prices were fairly steady on opening yesterday. Prices strengthened as the day progressed, on the emergence of some638 words
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COMPANY NEWS
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Article, Illustration1217 1978-03-02 11 GOH HIANG FONG - By GOH HIANG FONG STRONG contrasting Influences on the Singapore stock market for the month of February made for a mildly bullish trend for the first part of the month and a slight weakening during the second half. Trading began on a moderate note and1,217 words
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425 1978-03-02 11 MANO SABNANI - •r MANO SABNANI AT A TIME when most plantation companies are reporting soaring profits, Malayan Credit has deemed fit to dispose of its entire plantation interests in Malaysia at a book loss of about $167,580. A statement from the company says whollyowned425 words
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LATEST RESULTS
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Article39 1978-03-02 11 SEMBAWANG Shipyard Oroup pre-tax profit $27.35 million million) for the year ended Dec 31, 1977. Net profit $16.66 million ($15.55 million) after taxation of $10.68 million ($10.20 million) First and final dividend of l2Vi per cent (10 per cent)39 words
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Article61 1978-03-02 11 Unaudited group pre-tax profit $3.94 million ($3.38 million) for the half-year ended Dec 31, 1977 consisting of operating profit of $2.06 million ($1.60 million) and gross investment income of $1.88 million ($1.78 million). Profit on sale of investments $109,000 ($12,000). Turnover $22.59 million ($18.22 million). Company pre-tax profit $1.8461 words
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Article198 1978-03-02 11 if Em Data Date payable Total for the year Total for previous year STP (1*75) Timoa Publishing Yeo Hiap Seng M. Banking Taiplng Consolidated BenU Kempa* Mia. Scruritiet MMa. 8.P. Textile Utd Aabeetoa Cement K.LKepong Berjaya Kawat Ulu Beaut Liagui Dev. A loom Shangri-La 15% 17.5% io%<b) 8%I198 words
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Page 11 Advertisements
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Advertisement411 1978-03-02 11 THESE ARE THE BOOKS THAT HITLER BURNED t v Lr L_ m* feWr -—-hr r, *!£v» *r 18 *2-iif r s=^l-3-rl-: B i ,J l// 7i < l| -1 f S HllUi'iU it* n >fH s »A/o,; THE GREAT BOOKS OF WESTERN CIVniZATION These are the books that had to411 words
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594 1978-03-02 12 Reuter A JAPANESE trade mission, which Is about to leave for the US to seek expanded American Imports to offset Japan's huge favourable balance, will hopefully ease the strain In US-Japan trade relations, Ambassador Mike Mansfield said yesterday. "••We've got to be upbeat,Reuter - 594 words
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Article, Illustration231 1978-03-02 12 SINGAPOREANS should not have been surprised at the 25 per cent Increase in additional registration fee for motor cars contained in the budget proposals. They have been on a spending spree on new cars since the middle of last year which must surelyBT Chart by Allan Chan - 231 words
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Article96 1978-03-02 12 AUSTRALIA has relaxed her Import restrictions on a number of "sensitive" Malaysian products and has provided special quotas to two manufacturers. The two local companies are Mldford Malaysia Sdn Bhd and Marco Shoes Sdn Bhd, both of which have significant Australian Investments. The senior Australian Trade Commissioner96 words
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Article765 1978-03-02 12 LONDON. Wed. Shirr prices today' closed slightly higher ?ifter rallying in mid-session tn he absence of selling pressure, dealers said. Overall activity was subdued and at 3pm the Financial Times index was up 0.1 at 443.5 1 Government bonds finished 1/4 point higher after being marked down initially765 words
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345 1978-03-02 12 Reuter JAPAN will give a formal pledge to Britain later this week not to sell more cars there this year than It did in 1977, the Ministry of International Trade and Industry said yesterday. A ministry spokesman said Britain would beReuter - 345 words
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Article202 1978-03-02 12 ASIAN tad Euro-Ameri-ca n Merchant Bank (Aseambank) has chanced its bum to Asian-Amori-can Merchant Bank followin t a re-organieation gt the company. The hank wMch was aat up hi 1973, now has three shareholders Instead of its previous seven. They are Bamerical International, a wholly-owned202 words
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Article486 1978-03-02 12 THE Malaysian government signed Its US$4OO million (***** million) loan agreement with syndicate managers In Kuala Lumpur yesterday. The proceeds of the eightyear loan, provided by a consortium of 37 banks led by Chase Manhattan Asia Ltd, will be used to finance development projects under the486 words
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Article65 1978-03-02 12 RUBBER producing and consuming countries have agreed at talks In Geneva on the principle of negotiating an international agreement to stabilise prices, reliable sources said. The United States, the European Economic Com- munity and Japan which previously had opposed negotiation of such an agreement are now in65 words
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Page 12 Advertisements
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Advertisement394 1978-03-02 12 A unique opportunity for international businessmen to discuss trilateral co-operation W k. AseartWestAsia Investment Conference Kuala Lumpur, Malaysia, 9-10 March 1978 The AsearvWest Asia Investment Conference will be of special interest to industrialists, bankers, investment specialists, entrepreneurs, senior executives and government officials from Asia and the Middle East. It will394 words
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Article4839 1978-03-02 13 MHEDBIE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. •tauUMtk has a Jaiat aseTiM wtth MISC.4,839 words
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Article632 1978-03-02 13 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Ahll Shipping Sharjah Algerian National Line (CNAN) Unipacific Alpac Line Intrasea Anhsing Line Strongwill Angkutan Pertambagan Eastern Way Angkutan P. (Cont. Service) StraiU Shipping APL i American President Lines)632 words
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Page 13 Advertisements
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Advertisement190 1978-03-02 13 ■EST m FASTEST «T TO THE USA IS MAERSK UNE SINGAPORE *****46 PENANC *****1 K. LUMPUR ***** P. KELANG *****0 SHIPPING o EVERGREEN LINE no turn Una mm h mam, ran mm. IMHBSQI, LATTAUA rowMARM KNMt naiMMiuthy. li-19V M< PO>T SA*. lmmssol WftKUHD SOOM. Mom cmp km cmpmt rrt lid190 words
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Advertisement26 1978-03-02 13 SEA ft LAND DRY/ REFRIGERATED CONTAINER SERVICE MID-EAST SERVICE NEXT SAILING WORLD TI6ER V 2 40TH FLOOR, HONG LEONG BLOC., IS, RAFFLES QUAY BOOKING TEL *****2226 words
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Page 14 Advertisements
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Advertisement442 1978-03-02 14 SHIPPIN Hapag-Lloyd FULLY CONTAINERISED TO EUROPE iiSJ ANGLO-FRENCH TRADING Kuilttumpui 03 94 3444 03 *****7 ooM.rup *****11 *****89 Pon Kslanj *****1 3 CFS ***** FS *****66 Ta»m,nal *****61 P«nat>Q *****8 Ipol 05 2663 4 SUMA LINE COPf NHAfIF N EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 DAYS s-ro*c portk442 words
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Advertisement722 1978-03-02 14 SANKYO LINE! AUSTRALIA SERVICE P. Mm hum Laa*|tor THREE STAR 6/7 Mar 5/s** ntEM.MKi.IKL.SVD SEABLOOM 17/19 Mar 15/16 Mar MO.STD KYOSEIMARU N/31 Mar 1/2 Apr FHEM.AOQ.Ma MAY SKY 31/31 Mar l/2Apr MIS, STO RYOTENMMU 14/15 Apr IS/17 Apr AOEL. MEL SYD BANGLADESH SERVICE AVESSQ 22/23 Mar 21/21 Mar CHfTTAGOM. CMLMA722 words
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Advertisement542 1978-03-02 14 T. sLAND U.SJL/ KM SERVICE Mnr/KFKBMTIO COMTAMKI VESSEL/VOYACE Vessel ArnVCS/OCPtro PONCE V-319 MM 1/9 GATEWAY CITY V-6M MMM/IS PONCE V-320 mar a/22 GATEWAYCITYV-659 .mma/a MID-EAST SERVICE *t|uiar Dry/ftaafv Cewtainer ]mria to (Mai, to. Muscat, and Tehran. WORLD TIGER V 2 WORLD LION V 1 WORLD TIGER V 3 W Arrim/Daparh542 words
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Advertisement605 1978-03-02 14 Everett Lines B F s S C Agants in Mmvm TEPS MALAYSIA Port Kaiang Tal (38) 7366 Penang Tal ***** '***** E> x C«MPMM Ar«MtiM 0« pjv, Btiytiii Ifrwlii—Ul S. A. C.L F. Mf J "ARGENTINE NATIONAL LINE" A wnym i 24/25 M» 24/27 Mar W» M* "MEXICAN NATIONAL LINE'605 words
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Advertisement498 1978-03-02 14 JARDINE ANTAII I I Orient Overseas CtwdcineA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S' PM P.Umi Mm LaHaw* Htart rtm f CMIVtUERRQZE TH HCfTMK FCMI4RI NUUTOtW M ROM CONTRMCR f OMENTAL CHIEF W isus motf im All mutt call BronertiavM atter Hamfcirt FULLY CONTAINERISED SEKVICE FROM EUROPE (VIA498 words
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Page 15 Advertisements
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Advertisement1356 1978-03-02 15 QCL Overseas Containers Limited ewTAwaaif soma re n/cmtmut.Mtil| 3'*<* l.hkilM tmm. Mm U WM MAM I Mar I Mar II Mar 1 Apr I Apr J 7 Apr) Mar RAMAKURA MAn II Mar 14 Mar I Apr I iff B Apr (14 Apr) 1 Apr lENALIER 24 Mar 2t Mar1,356 words
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Advertisement1015 1978-03-02 15 Ben Ocean Ajout service of Ben Line Blue FhnneJ Glen Line and NSMO J ★1 CAA PttSjDfNUINES 4 STRAITS BXrUH COMTAINKR URVICI Lead Ht Hta Tar*. List Caast iri tail parts ky Mi*i-laa«kri«ft, Las At fits, Su friKiiu aa* Seattle. SINSAPCIE P. MUnt j_ Aatelet All P. EISENN3WEI P. ROOSEVELT1,015 words
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Advertisement680 1978-03-02 15 HKt BEN LINE CONTAINERS H ltlK I HAVEN COAM NAm SCTM Tl HUM: S.i>s*pora P. Mia* Baaaiaa Fraaca All UJL ScwUiwre aaswca man I Mar (MM 14 Mar 1 Apr 1 Apr 1 Apr) 11 Mar PAMA(»(A MAM 11 M» 14 Mar Apr Apr S J»rW Apr 1 Apr UHAllll680 words
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Advertisement933 1978-03-02 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT/SCAN DIN A VIA f etder T. RelOTf Yrtut fu»:n:i taM MTTUMtA tin—i «/1 mi, win ELEAMIA 11/ 1 iIUMU (UMt 11/ I HIIM WKIKI XV I M( HJIMA S port I) MM'Utt 2 SHtarf 4) Cburj kM hi i >1/1 a/1 a/1 it/1933 words
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Advertisement716 1978-03-02 15 GUTHRIE BOUSTEAD E P N P a E G s THE BANK UNI LTD. LIARS FN E. t. AFRICA niHUM Mjfce. Mauritius. Reunion. M'basa. Tanja, Be>ra. Durtan, EL.. PE. CarttowiJ Ptnant P. Kelang 22'21 Mar S port 17,71 HM raw east i Hen afbica m uum, wmu FORTUNE SIM Penanf716 words
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Advertisement917 1978-03-02 16 "K" LINE KAWASAKT DON KABKA LTD. f*it cmtauobei service ti mm. oru sied S'port P. KtUr.f L Havre HTwrg Brnnet CHEVALIER RtZE 7W 3/ 4 Mar 5 Mar 22 Mar X Mar 27 M« NEPTMC KAIL IW lllar 11 Mar 31 Mar 1 Apr 2 Apr MERCATN SV It Mar917 words
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Advertisement1172 1978-03-02 16 EX.-U.SJL/ATUUmC/fiILF SQMCE ACCEPTOR RLACL CWAMOS M STNtt, P. BUM. POUM Lead H <«: HHTM.I. WW THI, BALTIMMf. new BRUARS, IWTH uinnn <am ithi m/ rtm. MAOHYA PUIESr (D.Stb ea*) 1/11 Mac ••VISUM SISBBI" a/M BM L C./6REAT LAKES SERVICE LMII ftr: NBRFOLK, M« MONTREAL. TBRSNTO, ASHTABULA. BETMIT. CNICACB. Pi naif1,172 words
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Advertisement841 1978-03-02 16 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: im star r ton P.Mmc naa»lM n*| h cnevaljei torn HCPI IfM€ PtANL nercatm MNCMM CONTAINER ORIENTAL CHIEF SEVEN SEAS HIKE MIENTAL RESEARCHER CHEVALIER PAM nn. S pare Cta it Apr 27 Apr II Apr 1 Kit 22 Mar 21 Mar 21 Mar841 words
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Advertisement714 1978-03-02 16 miAYSUN itzhhatkhai shpphg CO*PO*ATK» Be*HAD Kb KL *****4 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCAN DIN AVI A 11.I 1 1 Jill 3 EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mml P. M>h( Pm»i laatat fari INNtA MELATf M/lt M*r 17/11 Mar CMiH/LdOU 5/4, Hm 10/4. Bmen 13/4, Kburi 15/4, lpool 19/4.714 words
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Advertisement723 1978-03-02 16 t INTRASEA (PTE) LT3 \jlnorasia une RKMEN RECftAR INKPENtENT SERVICE T0 EMNPE Singapore P. Kelang Laadw far: '•MI »to II to Anting /Rotterdam/ SBV ,Mmm mm laato Lwp* Ttl »m« I TRAIINC MM, 2M71 Line STRAITS/AUSTRALIA SERVICE M/V 6RACE APEUIIE (Mt My 1>771 M/V PRAIRIE Singapore p Kelang LuA| far723 words
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