The Business Times, 3 March 1978
1978-03-03
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The Business Times
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Title Section11 1978-03-03 1 BUSINESS TIMES M.C.CP) No. 118/1/78 FRIDAY, MARCH 3, 1978 50 CENTS11 words
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BRIEFLY...
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Article46 1978-03-03 1 SINGAPORE has been accorded the status of gold assayer on the London gold market, after two years of trying. A Chartered Industries spokesman said that this will enable the Republic to develop the gold market as the metal can be melted and assayed locally.46 words
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Article68 1978-03-03 1 UPI TOKYO, Thurs. Japanese companies which went bankrupt In February left record combined liabilities of more than US$l.7 billion (553.9 billion), surpassing the previous monthly record of $1.5 billion In May 1077. By number, February business failures totalled 1,200-1,300. A private firm of researchers attributed the high figureUPI - 68 words
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Article78 1978-03-03 1 AFP KUALA LUMPUR, Thurs. Deputy secretarygeneral of the Malaysian Foreign Ministry, Datuk All Abdullah Is tipped to be the next secretary-general of Asean, based in Jakarta. It was reported here today that he would take up the post on May 31, when the present secretary-general, Mr Umarjadl Nyotowldjono,AFP - 78 words
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Article60 1978-03-03 1 UPI LONDON, Thurs. Britain got off to a bad start this year on the strike front, figures from the Department of Employment showed today. Over three-quarters of a million working days were lost in January because of stoppages of work. The month's total, at 760,000 working days lost,UPI - 60 words
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Article60 1978-03-03 1 Reuter JEDDAH, Thurs. The Arabian-American Oil Co (Aramco) declined comment on a press report that Saudi Arabia has placed a celling on its production of light crude oil for 1978. The report had said Saudi Arabia had instructed Aramco to limit its output of light crude so asReuter - 60 words
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Article67 1978-03-03 1 AFP KUALA LUMPUR, Thurs. Malaysia and North Korea will soon conclude a trade agreement to promote direct trade and economic relations between the two countries. The proposed agreement was discussed by the visiting North Korean Deputy Premier, Mr Kong Jin Tae with Malaysian Foreign Minister Tengku Ahmad RithauddeenAFP - 67 words
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Article60 1978-03-03 1 Reuter WASHINGTON, Thurs. The US Senate Banking Comlttee today approved the nomination of Mr. William Miller as chairman of the Federal Reserve Board, America's central bank. The vote was 14 to 1 In favour of approving President Carter's choice of Mr. Miller, now chairman of TextronReuter - 60 words
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Article61 1978-03-03 1 UPI NEW YORK, Thurs. Picking up where they left off in the previous session, stock prices moved higher during the first hour of trading today on the New York stock exchange. The Dow Jones Industrial average was up 2.51 points to 745.84 shortly before 11 a.m. Gains outnumberedUPI - 61 words
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Chief Price Changes
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Article118 1978-03-03 1 Rises STPW5 Ayer Hium Tin Bcrjtyi Ka»il Strait* Trading Supreme Corpn bland Pen Austral Amal Carls berg Prima 474 930 168 565 280 227 474 408 246 +24 10 +6 +5 +5 +5 +4 +4 +4 Foils Selanfor Dredf Pacific Dev OCBC DBS Lien Hoe API Hone118 words
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Article, Illustration173 1978-03-03 1 Rises NST 5.15 .15 Hoof Lton| 2.40 .09 III and Pen 2.31 .07 Lien Hoe 1.86 .06 Tractor* 3.S6 .06 G. Ropel 1.77 .05 High and Low 2.41 .05 C and C 2.80 .05 Foils Malayan (Tin) 10.20 -40 Kg Lanjut 2.00 -.32 D. Keramat 8.05 -.10173 words
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Article1000 1978-03-03 1 JOHN TAN - ACCENT ON SOCIAL SERVICES By JOHN TAN THE PAST years have seen a considerable amount of government pump-prlm-lng in the economy, but for fiscal year 1978/79, this policy appears to have been totally abandoned. The amount slated in the budget for development spending Is only1,000 words
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Article104 1978-03-03 1 SWITZERLAND will offer Malaysia from July 1, dutyfree treatment for manufactured goods in which the raw materials are obtained from Asean countries. This Cumulative Asean Origin Certificate scheme would strengthen trade and economic relations between the two countries, said the leader of the visiting SwlssAsean104 words
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949 1978-03-03 1 BANKERS In Singapore are generally happy that the proposed Hongkong tax on' banks' offshore earnings will result In more business flowing to Singapore, but they also caution that this may not necessarily be so. Much depends on how the budget proposals finally shape up949 words
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255 1978-03-03 1 THE Malaysian government has formed a trust fund to take over the payment of subscriptions to the tin buffer stock under the 1976-81 fifth International Tin Agreement. The Deputy Minister of Finance, Datuk Dr. Neo Yee Pan, said this when he255 words
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531 1978-03-03 1 ARTHUR NG - •y ARTHUR NG THE Kuala Lumpur Stock Exchange Is taking the directors of Supreme Corporation to task for their evasive reply when queried on the acquisitions of Johore Oil Palm Plantations and Soga. In a stiff rejoinder to Supreme yesterday, the Exchange made it531 words
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Page 1 Advertisements
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Advertisement11 1978-03-03 1 COPIES ANYTHING. FITS ON A TABLE TOI MINOLTA EP-1 •SEEPAGE 311 words
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Advertisement124 1978-03-03 1 ACBC Your key to International Trai [V Stfap'j'f h-jo^nes 4■ 4''« f OM If vour business is import/export and the world is vour market, you'll neeo the scrvit.es of a bank, with the interna tion.il capability to handle vour business dealings efficiently and with a minimum of tuss. At ACBC124 words
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Advertisement80 1978-03-03 1 I SHIPPING TIMES PROFUSION of marketiag ARE you cut oat to bo as job* a pointer ***********00 2 investor ooooooooo««oo»oooo I PA Management foothold la FUTURE of buki la 8- E Aria 2 Singapore 7 DAMMAM port haadlor ROBINSON'S oa firm profit liseable Far East roods 5 trend 11 CRUCIAL80 words
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Advertisement162 1978-03-03 1 SINTAT Rent-a-Car Singapore *****55. *****5 (Airport) Koala Lumpur *****4 Penong ***** Kuanton ***** U-BIX The Complete Coping System Mokes Perfect Impressions U-Bixisoo U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound volumes and even 3-dimensional objects162 words
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TRADE AND INDUSTRY
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Article192 1978-03-03 2 if il LOCATION ORGANISER Feb 13 Administrative Mar 31 management Mar 4 <i 11 Business strategy: YWCA, Marine Parade University of Singapore Formulation and Implementation SIM Conference Room SIM Mar 4 <i 11 Telephone Techniques and Courtesies SIM Conference Room SIM Mar 5-11 3rd Asian Congress of Secretaries192 words
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Article, Illustration803 1978-03-03 2 SIVA ARASU - •r SIVA ARASU THICK tariff walls, expanding business activity and keen competition are creating an increasing demand for marketing executives. On the other hand, the high turnover of factory workers, particularly In the textile and electronics industries, is chiefly responsible for the constantly803 words
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Article291 1978-03-03 2 THE Perils-based Cement Industries of Malaysia Berhad (Cima) has signed a M 546.5 million term loan with a consortium of local and international financial institutions. The loan, which carries fixed and floating interest rates, will enable the cement company to reorganise its existing financial commitments291 words
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Article129 1978-03-03 2 UPI THE special commission from Taiwan bought US$2BB.B million (***** million) worth of commodities during the recent 50dav US buying trip to help reduce the growing trade surplus with that country. Returning from the trip yesterday. H.K. Bhao, director of the Board of Foreign Trade andUPI - 129 words
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Article35 1978-03-03 2 THE University of Slngapoarti Department of Extra mural Studies will hold a 12-leeture course on Singapore Income Tax from March 7 Details can be obtained from the department by calling telephone *****6.35 words
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Article293 1978-03-03 2 PA MtatftßMi Consultant* hat acq aired CO per Mat of the equity at Speekman Paacoe Consultants and its wholly-owned subsidiary The Software House. Frosn March 1, the npuny will he known as PA Computers and Taloromnniiih a Lions (PACTEL). This move marks PA'a entry293 words
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99 1978-03-03 2 A WEST German manufacturer of machine tools, packaging and printing machines, has opened an office In Singapore to serve its South-east Asian customers. The company, Oildemeister Aktiengesellschaft, is one of the largest machine manufacturers in Europe with sales of $480 million in 1976. Mr.99 words
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Article54 1978-03-03 2 AFP A Commonwealth seminar on Youths in Business was opened in Kuala Lumpur yesterday by Malaysian Minister of Culture, Youth and Sports Datuk Abdul Samad Idrls. The 10-day seminar Is organised by the Commonwealth Secretariat for youth programmes in London and hosted by the Ministry ofAFP - 54 words
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613 1978-03-03 2 THE shortage of crude palm oil In the Malaysian market is adversely affecting palm oil refiners In Malaysia. Over the last few months, several refiners have been forced to suspend operation intermittently while the majority are operating at reduced levels. Crude palm oil613 words
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Article223 1978-03-03 2 Reuter A US House of Representatives' International Relations Subcommittee approved a bill authorising contribution of up to 5,080 tonnes of tin by the United States to the International tin buffer stock. The measure was approved by a voice vote, without objection. The subcommittee decided to endorseReuter - 223 words
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Article84 1978-03-03 2 THE Financial Times Conference Organisation (FTCO) of the UK will hold Asian business briefing on April 3 and 4 in Hongkong. Compa International, the local representative of FTCO, said yesterday that the meeting will provide an opportunity to assess the economies of North East and84 words
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Page 2 Advertisements
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Advertisement190 1978-03-03 2 When your business grows, the volume of paperwork escalates. This is when it becomes essential to recognise that work systems will have to be revised. We, at Kodak, can help you with a customdesigned overall procedure aimed at cutting cost, saving time and space for you. A number of banks190 words
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Advertisement0 1978-03-03 2 ${(%-):%/-)+(,;.$|][&<^<+?|?'[*0 words
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Page 2 Miscellaneous
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Miscellaneous603 1978-03-03 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Players In their underwear? <S> 8 Pais forming teams (5) 10 Where drink's an anaeathetlc? (S) 11 Jewel in a large mount (3) 12 Bad man's meat? (8) 13 Where there are sailors to spare possibly (7) 18 It grows In a nice dark603 words
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OVERSEAS
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781 1978-03-03 3 Reuter CHANCELLOR of the Exchequer Denis Healey believes the UK would be unable to achieve the Treasury's growth target for gross domestic product set down last October for this year without a significant fiscal stimulus. Bet-nard Asher, director general of the National Economic DevelopmentReuter - 781 words
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Article424 1978-03-03 3 AP DIETER FRISCH, a high official who deals with the budget of the European Commission disclosed that 20 years after the start of their adventure in European unity, the countries of the Common Market are spending jointly about US$l5.5 billion (5535.80 billion) thisAP - 424 words
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Article118 1978-03-03 3 US DOMESTIC car production, slowed by weather and strike-related parts shortages, fell 1.6 per cent In February compared with last years figures, the big three car companies reported on Wednesday. Total US passenger car output for the month was 674,303, off 11,014 units from last118 words
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Article232 1978-03-03 3 UPI SAUDI Arabia and the US parent companies In the American Arabian OH Company (Aramco) are tentatively considering a marketing arrangement whereby the Saudi government would sell directly 20 per cent of the kingdom's oil output, a West Asian oil and economic newsletter saidUPI - 232 words
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WORLD IN BRIEF
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Article569 1978-03-03 3 Agencies THE Quebec provincial government has denied a published report that US bankers and brokers have threatened to sell Quebec bonds unless it cools its separatist aspirations. A spokesman (or Finance Minister Jacques Parlzeau said, "The whole story Is nothing but a tissue of lies." MontrealAgencies - 569 words
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173 1978-03-03 3 Reuter THE IMF said it sold 524,800 ounces of gold at an average price of U*****.95 (about *****.30) per ounce at Its monthly gold auction on Wednesday. It accepted bids ranging from $181.13 to $185.78. The auction was held under the bid price method,Reuter - 173 words
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Article289 1978-03-03 3 Reuter ITALY has repaid the flnaf 300 million SDR due on Its 1.2 billion SDR 1974 IMF standby loan. The repayment was made on Tuesday for value yesterday. Early next week, Italy will repay US$5OO million (551.15 billion) to the West German Bundesbank on ItsReuter - 289 words
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Article211 1978-03-03 3 A FINAL compromise la Congress an the U8 enerp plan is vital for future worn efforts to conserve energy, executive director of the International Energy Agency (lEA), Ulf LonUke, said. In a paper released in Paris on Wednesday, he said if there is no ratification211 words
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642 1978-03-03 3 NEGATIVE INTEREST CHARGE SWITZERLAND, in anQther drastic move to protect Its currency, said on Wednesday that foreign central banks, like foreign private persons, must pay a negative Interest commission of 10 per cent per quarter on ail their Swiss franc deposits held In Switzerland.642 words
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Article234 1978-03-03 3 AP CREDIT Suisse has said that losses from illegal dealings of its Chiasso branch may be as high as 1.2 billion Swiss francs (SSI.S billion). A bank spokesman said, however, that 1977 net profits had still risen 17 per cent to 235 million Swiss francs. Write-offsAP - 234 words
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Page 3 Advertisements
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Advertisement159 1978-03-03 3 We have the numbers for Brunei. First of all we have the telephone number that will guarantee prompt efficient bookings to Brunei. From sth March Royal Brunei Airlines will take over their own reservations operation. Now if you want to fly with friends to Brunei just ring *****72. And we159 words
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RAW MATERIALS
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Article427 1978-03-03 4 THE Singapore market closed quietly steady with March One RSS buyers quoted at 204.00 cents per kilo yesterday, unchanged from Wednesday's close. The afternoon session was quiet and featureless until after the close when some late buying interest saw a slight gain in values. The427 words
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Article344 1978-03-03 4 Price* in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S prompt f o.b. Int. 1 R 8.8 March Int. 1 R.S.S April Int. 2 RSS UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 204.75 204.75 204.75 200.00344 words
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Article102 1978-03-03 4 NOON SSR and SMR prices yesterday: HAS j ■f 1 (C« Buytn (cm Kwcfc peat Mtfc) > Sellers Uperkf) April (Forward Mth) Bayer* Heller* (eeaU per he) SSR 20 (1-ton pallet) 193 50 195.SON 194.SO 196.50N S8R50 M.R.E.L.B (1-ton pallet) 191.90 193.50N 192.50 194 SON SMR5CV SMR102 words
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Article28 1978-03-03 4 Rubber: March 2 Singapore: March 204.00 centi (UDCh) Malaysia: March 207.00 cents (down 0.25 cents) Tin: 51,619 (down 553) Official offering: 298 tonne* (up 23 tonne*)28 words
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Article75 1978-03-03 4 THE Malaysian Minister of Finance has fixed these rates for the period from Feb. 9 until further notice: Rubber at 204.75 cents a pound, copra at 909.41 cents a ton, palm kernel at 239.03 cents a ton. The rates of duties payable are: Rubber at 34 Vi cents75 words
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Article405 1978-03-03 4 COFFEE prices fell in an otherwise steady and quiet Singapore produce market yesterday. All grades of the commodity were marked down another $5 per ptcul, making a total decline of $10 in three days. The top grade AP 1 was quoted at $445 f o b. by the405 words
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Article189 1978-03-03 4 ROBUSTA futures ended the opening session C 24 to £2 per tonne down from previous night In London yesterday. Turnover was 260 lots and the official tone "steady". Spot March initially traded at C 1.630 traded down to a low of C 1.610 before recovering to close £24 down189 words
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Article57 1978-03-03 4 C.I.P. U8 dollars per ton. LONDON: Malaysia SSffa bulk May Sumatra SSffa March April May June June/July Nigeria 5Hf fa bulk ROTTERDAM Sumatra March Zaire (Belg francs per kilo) Wednesday 531 sir MO sir MO qtd 550 qtd 525 qtd 505 pd unq 590/587.50 unq SI* sir «W57 words
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Article285 1978-03-03 4 TERMINAL in London on Wednesday, rallied in the afternoon against New York on mixed trade and shortcovering support, to close near the day's newly established highs at CO. 10 down to L' 0.60 up. Turnover totalled 2,769 lots including 14 options. Dealers attributed the recovery partly to lower EEC285 words
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Article327 1978-03-03 4 THE Straits tin price In Penang fell Mss3 per plcul i to $1,819. Turnover rose further to 298 tonnes from Wednesday's 275 tonnes, i Sentiment was strongly i depressed by news a US r House Panel approved a bill > authorising a U8 contrl- button of 5,000 long327 words
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Article129 1978-03-03 4 TERMINAL cocoa in London on Wednesday rallied in late afternoon against New York, recouping earlier losses and moving sharply ahead at the prolonged final call to beyond limit up levels in some positions. Qains ranged from I'll to 150 per tonne. Turnover totalled 4,322 lots including 1,196 lots selftraded129 words
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Article166 1978-03-03 4 THE sugar market closed firmer In quiet trading yesterday, aided by a steady New York market. Turnover decreased to eight lots from 14. Open positions rose to 105 from 103 on Wednesday while the Hongkong dally spot sugar price rose to 8.40 from 8.35 Sugar futures closing prices:166 words
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Article186 1978-03-03 4 PRICES In the shipment market advanced between US$3 and $5 per tonne, traders said in Bangkok yesterday. The prices of the first, second and third class 100 per cent rice had Increased to $412 (407, $307 (302) and $392 (387) respectively, while 5 per cent white rice rose to186 words
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Article210 1978-03-03 4 SOYBEAN futures in Chicago on Wednesday drove sharply higher, with all but the November contract going above the $0 level. Prices closed Just below the day's highs with gains of 24 to 12-1/2 cents a bushel. The March finished at $6.04-3/4 a bushel and the May at $6.13. The210 words
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Article118 1978-03-03 4 WHEAT futures In Chicago yesterday advanced in early trading on speculative buying and short-covering generated by the strong soybean futures gains. After an hour, prices stood at their highs up 4-1/2 to 2-1/4 cents a bushel. Futures opened firm with some support from overnight export activity and the stopping118 words
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Article337 1978-03-03 4 COPPER wirebars in London yesterday finished the morning with gains of mostly £2.50 The market appeared to be marking time following the latest US producer price cuts and the announcement of a 15 per cent cutback in copper production by Zaire/Zambia/Peru. Physical offtake remained slow and modest hedge selling337 words
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Article127 1978-03-03 4 LEAD closed with small gains of £0.50 for cash and £1 for Three Months in London yesterday. The market attracted some covering against Continental physical demand during morning together with fresh buying encouraged by recent producer activity and reports of reduced scrap offerings. Aiding the trend was an anticipated127 words
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Article125 1978-03-03 4 ZINC finished the morning with gains of mostly £0.50 in London yesterday. This metal was again fairly quiet although values edged higher on some chart buying support which took Three Months upto £247.50 on the kerb compared with early pre-market business at £243. Sales were 1,200 tonnes. On Wednesday,125 words
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Article369 1978-03-03 4 THE kllobar in Singapore opened at S$ 13,658 and closed at $13,579. In London the metal opened at USSIB2.BO/183.20 and closed at $182.65/182.95. The London morning fix was U*****.50, up $1 from the previous. B«arce: Singmai In HONOKONO yesterday, gold closed HK$3.7O lower at $1,005.00 per tael. while the369 words
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Article230 1978-03-03 4 IN LONDON on Wednesday. silver eased at the close to 255.25/ 256.25 pence an ounce spot. On Wednesday, silver eased at the close to 255.25/ 256.25 pence an ounce spot. Three Months metal finished at 259.75/ 260.50. Factors behind the fall were the dollar's recovery against the Swiss franc230 words
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MONEY AND EXCHANGE$
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Article464 1978-03-03 4 THE US dollar rose steadily on the forex market yesterday and showed an overall gain despite some weakness near closing. The local money market, however. was quiet with a very low turnover. The USS/yen rate opened at 237.80/90 and reached a high of 238.50 before closing at 238.30/50.464 words
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Article71 1978-03-03 4 THE AVERAGE prima rstosflniik. I» H'pfipm Itllh •round 7 per coat, with the rang* running between CH pw cent aad 7V« per ceat. Oversea-Chinese Banking Corporation is at the lower •ndl of the range while a number of banks, including Citibank aad Development Bank of Singapore, are71 words
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Article143 1978-03-03 4 Asian rates ASIAN currency depoctt interbank rates u at clow on Mar X. US Doll* Offer r.^ 7 flays 1 mth 2 mths 3 mths 6 mths mths 12 mths .7 .71/8 .71/4 73/8 7 3/4 .713/16 .17/16 Hw. Fr». (MM4I* 1 6 7/6 7 71/8 71/4 7 5/8 711/16143 words
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Article44 1978-03-03 4 RANGE or prtcei offend by discount houses on Mar 2: Overnight 3%% Call deposit 3V,* Closing Buying Setting 3-Month Treasury bills 31/4 31/« 3-Month Bank Mil* 4 15/16 4 13/16 3-Month CD 5 3/B 31/4 •-Month si/a m Source: National Discount Co Ltd44 words
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Article100 1978-03-03 4 Euro rates TRADING was light at the outset and rates held steady around opening levels in London yesterday. One to six-month rates were adjusted up to 7/16 higher on the lots of the Friday dealing technicality. Moderate rollover and light Far Eastern Interest was noted. Weekend eased by 1/16 to100 words
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Article155 1978-03-03 4 THE dollar yesterday moved up to 2.0170/ 80 marks from an early 2.0125/40 and gained to 1.8445/ 75 Swiss francs from its early 1.8350/ 8400 rate and 1.8275/ 8375 at Wednesday's close here. Sterling was marginally weaker at $1.9366/73 from early and overnight levels, while the dollar also firmed155 words
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Article255 1978-03-03 4 THE dollar on Wednesday recovered to finish slightly above Tuesday's levels after falling to record lows against the mark and Swiss franc at the opening. The market was extremely nervous and erratic, although actual trading was relatively thin as operators assess the Impact of Swiss moves to stem255 words
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Article143 1978-03-03 4 THE US dollar yesterday lost further ground against the Swiss rranc in cautious late morning trading to stand at 1.8200/8250 Swiss francs compared with an opening level of 1.8240/90. The market was nervous with only small trades taking place in most currencies after Wednesday's sharp movements. The dollar was143 words
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Article53 1978-03-03 4 onhEnhi*' Z exchan e Quotes Australia 1/8 dollar 1.1397/1 1349 Sterling 0 5896/0 5829 Ninety-Day air mall buying rata Sterling 0.M36 US dollar 1.1897 Ninety-day forward buying rate* Sterling 0 5888 US dollar M3BB NEW ZEALAND: Sorting 0 5303/0.5*75 US dollar 1.0308/1 .OBK Ninety-day airmail buying rates Sterling 0.541853 words
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Article59 1978-03-03 4 toRICH eechaegea closing quotes on US ***** 8290 Sterling 3 5371 553! Can 1 fiat 8399 Dmk 99.4918 9449 OA •4.3384 8794 rtt 38.9714 9123 Bfr 5.8134 9488 Dfcr 34.8104 9970 Nto-B 9874 33.9118 Bfcr 39.9015 40 0745 Ut 0.2144 2153 Aus scft 12 5430 8397 Port 4.48 8959 words
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Article142 1978-03-03 4 THE dollar for overnight delivery closed at 238.25 yen yesterday, slightly down from a 238.30 opening but up from 237.82 at Wednesday's close. The Bank of Japan bought between $20 and $25 million in morning trading to support the dollar, but no Intervention was detected in the afternoon. Trading142 words
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Page 4 Advertisements
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Advertisement239 1978-03-03 4 X AUSTRALIA, SOUTH PACIFIC ISLANDS, NEW ZEALAND Improve your prospects of profitability The South West Pacific has great potential if you want to establish or expand a market for your products, locate supplies of raw materials, create a base for manufacture, or for distribution. No one is better qualified than239 words
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TRANSPORT
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353 1978-03-03 5 THE Implementation of the Traffic Separation Scheme (TSS) for the Straits of Malacca and Singapore will be the most crucial phase of development for the three littoral countries involved. "Its Implementation cannot readily come about without the fulfilment of previously agreed measures353 words
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Article38 1978-03-03 5 AN AUSTRALIAN business representative said here yesterday there was need for a shipping service between Singapore and Cairns (far north Queensland) by way of Port Moresby to promote two-way trade in agricultural and consumer products.38 words
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Article, Illustration780 1978-03-03 5 GOH ENG KEE - By GOH ENG KEE THE FAR EAST accounted for the highest percentage of total imports that go through the Saudi Arabian Sort of Dammam in the erslan Gulf last year. Figures released by the United Arab Shipping Company, which Is owned Jointly by780 words
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Article254 1978-03-03 5 AFP JAPANESE tanker operator, Japan Line, will ask for a grace to repay about 20,000 million yen (Ssl9l million) bank loans falling due in fiscal 1978. The report, carried by the leading economic dally, Nihon Keizai, said the firm, facing financial difficulties. is expected to makeAFP - 254 words
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Article, Illustration318 1978-03-03 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Arcadia (0700 after Bucuresti unberths) 46/47 Auby (0700 21 East Bucuresti (1200 unberths after Arcadia sails) 47 Bunga Blndang (1500 after Bunga Setawar) 18 Lumut (0600 21 West M&noloeverett (D/L) (2100) 35/36 Muehlhausen (1200 after Nikkei Maru No. 5 Class 1 on318 words
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157 1978-03-03 5 SHIPS travelling near the Friesian islands on the North Sea need no longer worry about navigation in poor weather. The first of four new kinds of radar facilities was recently mounted on the lighthouse of the Friesian island of Wangerooge, part of West Germany.157 words
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Article127 1978-03-03 5 AP SLOW emergence of details on Wednesday gave reported fixing a patchy appeance, lacking any significant representative business on the main trading routes. However, the underlying rate tone changed little. Further Far East timecharter business featured Unimarlne WPO paying U552,700 per day to the 13,000-tonne Imlas and LaAP - 127 words
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Article99 1978-03-03 5 AFP THE Sri Lanka government yesterday announced It had decided to establish a new international airline to be the country's national carrier. The country's present national carrier. Air Ceylon, currently under Investigation by a presidential commission for alleged maladministration. Is expected to be closedAFP - 99 words
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589 1978-03-03 5 NYT THE White House Is hardening its position in the air-fare dispute with Britain and the administration Is considering renouncing the BritishAmerican air pact signed last summer, a Carter administration source said in New York. At the same time. Seaboard World Airlines,NYT - 589 words
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Article646 1978-03-03 5 ARRIVALS Service Local Operator Number Tine From MAS MH62I 0835 PEN MAS MH607 0910 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP BA BA844 1030 LHR/MCT SIA SQ103 1045 KUL SIA SQ209 1045 HLP GIA GA944 1055 PKU MAS MH605 1100 KUL GIA GA908 1100 MES646 words
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Page 5 Advertisements
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Advertisement96 1978-03-03 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -b Call us for your local onward reservations 4 IT —ry The English Dictionary makes an ideal spokesman for Marelli shoes luxurious iag/hur-eas adj 1 very comfort able 2 choice and costly 3 self-indulgent--v clothes. toot wear etc. elegant eligant adj96 words
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519 1978-03-03 6 AFTER ALL the fuss made by bankers here urging the Monetary Authority of Singapore (MAS) to abolish the tax on offshore profits, It appears the MAS was right after all. It would have looked very funny for Singapore to have eliminated the tax Just519 words
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Article303 1978-03-03 6 IT IS JUST plain common business sense that It Is quite pointless to produce anything If you cannot sell It. A product can be superbly manufactured but If there Is no one to promote and market It, It Just remains In the warehouse. After all, there303 words
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Article, Illustration2579 1978-03-03 6 SIVA ARASU - WHY are there to few Singapore inventors? The two requisites of the inventor, SIVA ARASU shows in this article, are free time by himself and an enquiring mind. The former is rare for the busy Singaporean, locked into the day-to-day work ethic and2,579 words
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Page 6 Advertisements
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Advertisement561 1978-03-03 6 y*£" -39 aps^psss V v it i a :-r .v ».®a A 409/407 Ha retook M B'pm S. W: 4SIMI lon Bar Where beauUful things happen come V around to lon Bar for a swinging get together where Miss Mareelea (from the Phllllplnes), Miss Tang .Ley Sonny Bala The New561 words
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Advertisement161 1978-03-03 6 9NGAPORE HURON Ml Owlert Bo*d. S'pon 1W: *****3 Hin's Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese culsHle; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local performers entertain with161 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-03-03 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Local showers tn the late morning REPORT for 24 hours prior to 7.30 pat on March 2 at Um airport. Maximum Temperature 30.8 C Associated Humidity 70 Minimum Temperature 24.PC Associated Humidity Hours of Sunshine 7.75 PihhlT ia Millimetres Trace63 words
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2172 1978-03-03 7 MR. LIM POH CHUAN - h MR. LIM POH CHUAN Mr. Lim is a senior manager of United Overseas Bank Ltd. IT Is well known that In the i early days trade financing formed the base for the growth lntematlonallsatlon of banks In Singapore. This stems from2,172 words
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Article724 1978-03-03 7 JOHN DRYSDALE - [FORDM, ...OD economics ly JOHN DRYSDALE Mr. Drysdale is a director of Asia Research Pte. Ltd. LOTS of people bad lots of Important things to say at last week's Offshore Southeast Asia conference, but none with so compelling a message as that of Mr. James E.724 words
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Article483 1978-03-03 7 SINGAPOREANB are not used to and often hostile to the sight of hitchhikers, common in the West; similarly. Singaporeans do not pick up strangers casually to offer them a lift In their cars, nor do Singaporeans, especially girls, like or expect to be offered a lift483 words
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Page 7 Advertisements
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Advertisement78 1978-03-03 7 •X HOTEL ASIA 37 Scotli Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND78 words
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Advertisement77 1978-03-03 7 KING S HOTEL Havelock Road, Singapore 3 Tel: *****1 LADYHILL HOTEL 1 Lady hill Road, Singapore 10 Tel: *****1 LION CITY HOTEL IS Tanjong Katong Road, Singapore IS Tel: *****1. HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1. THE77 words
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Advertisement75 1978-03-03 7 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA IS Claymore Drive, Singapore 9 Tel: *****1 HOTEL NEW HONGKONG 101 Victoria Street, Singapore 7 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 275 words
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Advertisement66 1978-03-03 7 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 QUEEN'S HOTEL 24 Mount Elizabeth, off Orchard Road Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SEA VIEW HOTEL Amber Close, Singapore IS Tel: *****22 SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4. HOTEL SUMMIT66 words
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Advertisement15 1978-03-03 7 CA/wuS C *AND VSOP w V. 1 m i >*/T> v a f r .v,.* .>15 words
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Page 7 Miscellaneous
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Miscellaneous178 1978-03-03 7 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Mysterious Revenge (Repeat) with superimposed English/ Chinese subtitles A Mandarin feature film 4i30 Intermission 6.05 Opening announcements followed by Exercise With Gloria 0 4*30 News in Brief 6.35 Hazel (Repeat) 0 7.05 Serbanika (Malay) 7.30 News and Newsreel in Malay178 words
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Miscellaneous19 1978-03-03 7 BriStoW": Fraxijc Dickeos so >(OOR SON GODFRtW > IS SeTTUNG DOUJN Tut eos»4ess?; to rr ukc R DOCK "®0 VORTfejJ...19 words
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INTERNATIONAL STOCK MARKETS
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Article585 1978-03-03 8 .Tokyo SHARE prices opened lower yesterday, but then rallied with interest centring on speculative issues. Pharmaceutical issues such as Sankyo and Toyama Chemical advanced. Speculative Issues including Okamoto Rlken Gomu and Alps Electric rallied, reflecting their favourable margin balances. Shipping issues were also up. On the other hand,585 words
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Article492 1978-03-03 8 Source: Sun Hung Kei Securities DESPITE the marking down of prices In London the previous 'night, the Hongkong market .yesterday opened on a steady note ana withstood some early celling pressure. Dealers were slightly confused over the HK$5 transfer deed un•til the exchanges clarified the retention of the cost.Source: Sun Hung Kei Securities - 492 words
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Article140 1978-03-03 8 MAR 02 Bah us Asia Fibre 276 -4 Bangkok Bank 405 Bangkok Invest. 398 -8 Bangkok-Metro-politan Bank Bata 305 Berll Jucker 518 CarpetIntnl Charoong Thai Wire 434 2 Dumex Dusit Thanl 375 unch Faber Merlin First Trust Genera Finance 457 -3 Indo-Thal Industrial Finance -80 Corp 2925 J And140 words
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Article159 1978-03-03 8 THE market yesterday closed mixed with commercials posting small gains while minings declined and oils were mixed. Turnover rose to 1.73 million pesos from Wednesday's 1.69 million. Atlas rose one point, but other mining Issues either had fractional losses or were unchanged. Leading oils remained firm but secondary issues159 words
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Article107 1978-03-03 8 THE martcet closed mixed yesterday with BHP rising six cents to A 55.32. The Sydney AllOrdlnarles rose 0.97 point to close at 441.86 points. CSR rose six to $2.64, ICI two to $2.02 and Lend Lease three to $2.48 while Wooiworth eased three to $1.51, EZ Industries three to107 words
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Article53 1978-03-03 8 Reuter FitANKFURT: The Madrid electricity company, Union Klectrica. Is raising a 170 million mark eight-year Eurocredit at a margin of 1 per cent over libor. Lead manager is Westdeutsche Landsbank Olrozentrale. The company is mainly privately owned, with a minority stake owned by the Spanish state holdingReuter - 53 words
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Article33 1978-03-03 8 Reuter FRANKFURT: Banco Nacionul Do Desenvolvlmento Economlco of Brazil is raisin? a 150 million mark Eurobond eig/ityear maturity and an indicated coupon of 6*« per cent, lead manager Commerzbank AO confirmed. ReuterReuter - 33 words
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Article36 1978-03-03 8 Reuter FRANKFURT: Deutsche Bank has confirmed, as issue manager that the 50 million mark eight-year Fujitsu Ltd convertible Eurobond was priced at par with a 4S per cent coupon and 2.80 mark conversion price. ReuterReuter - 36 words
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Article303 1978-03-03 8 EUROPEAN MARKETS PRICES closed generally mixed on European bourses on Wednesday, party affected by the US shortfall. Frankfurt share prices weakened on concern about the effect on German exports of the dollar's decline, dealers said. Autos and mechanicals were affected most, with Mercedes and Man both losing303 words
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Article217 1978-03-03 8 MAR *1 Pis Ahold 98 00 -2 Akzo 21.50 ♦0 3 Algbank 3M 00 -2 VAMEV 77 80 -0.4 Amfus 100 50 -2.5 Am rot Bunk 71.50 -0 7 Bergoss 60 00 ■t-3.5 Berk 100 00 -2.3 Bol? 7150 -1.1 BfrfsumiJ ***** unch Hurhmanrt 67.50 unch Hyenkorf 78 50217 words
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Article292 1978-03-03 8 MAR 01 Frs CORBEILLE Air-Liquide B S N Gervais Danone CS F (ThomsonCst) Cle Francalse des Petroles Compagnle Financiers Compagnle Generate Credit Foncier De France Hachette (Ubralrle) Machines Bull Michelln (B) Par I baa Pechlney Clglne Kuhlmann Peugeot-Citroen Philips (Nv Gem Bezit) Prtntemps 8 A Rhone-Poulence SA Royal Dutch292 words
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Article98 1978-03-03 8 MAR Fr» FORWARD MARKET A iff 226 5 Arbed 2280 4 10 Astur 500 unch Brusca n 419 -7 Bru-Lainb 1416 10 Canpac 480 -1 Cork 364 -16 De B?f rs 160 -2 Ebes 2350 unch Electrobel 6040 unch Gb-Inno-Bm 1860 unch Oev 1234 ♦4 Hobo* 2330 unch Petro98 words
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Article187 1978-03-03 8 MAR *1 Francs Anions Suisse* 270 unch Alusuisse Br 1235 -5 Alusuisse Reg. 550 ♦8 itrown Boverl Br 1700 20 Ciha (ielgy Br. 1230 20 CltKI (ielgy PC 925 10 Clbu C ielgy Hp* 667 unch Credit Suisse Br 2390 *80 < redit Suisse Reg 464 26 Elektrowutt Br187 words
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Article223 1978-03-03 8 MAR 01 Dm Aef-Telefunken 87 SO -0.2 Akau 19 80B Altz Leben «20 Allz Vers 480 urvch BASF 137. JO -1 tlay H T Wbunk 286 -I BayVbank 318 SO +0 5 Bayer 137 00 -0.7 BBC 298 unch IIMW 225.30 -1.7 Cassella 376.SO I Chem Verw 217.50 +0.5223 words
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Article266 1978-03-03 8 THE market closed mixed on Wednesday after staging a comeback In the final hour of trading in response to Wall Street's firmness. The composite Index was up about Vi point but declines outnumbered advances 220 to 188. Closing volume totalled 3.320.122 shares, up from 2.972.019 shares on Tuesday. MAK266 words
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Article351 1978-03-03 8 OOLD shares were mostly higher In line with bullion prices on Wednesday, dealers said. Trading was light and overseas Interest small on account of high securities rand, up three cents to 83. they added! Financial minings were easier In modest trading MAS *1 Rand INDIKTKIALH A Alpha 95 unch351 words
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Article59 1978-03-03 8 FINANCIAL TIMES INDUSTRIALS Wednesday 443.8 Tuesday 87H to 88 H.K. HANG SENG Tuesday 443.4 Week Ago 449.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 743.33 SYDNEY INDUSTRIALS Thursday 441.88 Wednesday 441 19 Tuesday 742.12 Week Ago 455 10 Week Ago 749 05 LONDON DOLLAR PREMIUM Wednesday 86% to 87H ALL59 words
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Article977 1978-03-03 8 New York BARGAIN hunting and the dollar's partial comeback in foreign exchange markets helped the stock market reclaim some lost ground a» prices finished on a firm note In active trading on Wednesday. But analysts said the market continues to be plagued by a flurry of bad nevs977 words
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INTERNATIONAL COMPANY NEWS
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Article421 1978-03-03 8 EUROPEAN COMPANIES BRITISH Petroleum is to lay up five large tankers for several years because of the depressed state of the oiltrading market. The ships, worth about C 75 million, will add to the growing list of idle world tanker tonnage. The cost of421 words
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Article92 1978-03-03 8 Reuter ROTTERDAM: Royal Dutch Shell's chemicals division made losses totalling 145 million guilders in 1977 after a small profit the previous year, the company told a works council meeting. Shell said the loases are partly due to labour coats, which are higher in the Netherlands thanReuter - 92 words
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Article59 1978-03-03 8 BUDD Co., a manufacturer of transporta-tion-related equipment, said that it had signed with Germany's Thyssen AO definitive agreements on the acquisition of Budd by a subsidiary of the German company. Budd said the agreements have been approved by the directors of bbth companies. Under the acquisition59 words
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262 1978-03-03 8 AFP PARIS: Renault, the stateowned French motor firm, exported more than 1.000,000, vehicles last year, over 57.7 per cent of its output, the company announced. It thus strengthened its position as the top French motor manufacturer. Renault's worldwide Jroductlon totalled ,737,707 vehicles, 43.4 perAFP - 262 words
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Article77 1978-03-03 8 ASIAN COMPANIES AFP JAPAN'S Sumitomo Chemical Co. of Osaka announced it had suffered a steep setback in profits in the business year ended in December due to poor sale*. The leading chemical manufacturer said in a financial report that the company earned 2,358 million yen in before-tax profits,AFP - 77 words
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Article65 1978-03-03 8 Reuter HONGKONG: The Cross Harbour Tunnel Co Ltd has declared a third quarterly interim dividend of HKI3 cents for the year to March 31. 1978 making an interim total of 39 cents (20 cents). Books close March 28 to March 31 inclusive. The company earlier announced that itReuter - 65 words
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Article50 1978-03-03 8 PANCONTINENTAL Mining reported unaudited consolidated operating loss of A 5194.600 (loss $203,000) for the half year ended Dec 31 on income at nil (same). Loss is after depreciation of $4,000 ($3,600) and Interest of $1,000 ($2,100). Extraordinarles were nil (loss 1.08 million) and dividend nil (same).50 words
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Article35 1978-03-03 8 HONGKONG and Yaumati Ferry Co. Ltd. announced a final dividend HK7Q cents (60 cents) making a total $1.10 ($100) for the year to Dec. 31. Books close March 13 to March 18 inclusive.35 words
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Article53 1978-03-03 8 Reuter BYDNEY: Ampol Petroleum Ltd said It will offer debentures amounting to Ass million to current holders of $4.71 million debentures and unsecured notes maturing April 15 so as to recycle the loan. The new issue will be for 10.5 per cent five-year stock and 10.75 per centReuter - 53 words
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263 1978-03-03 8 Reuter MELBOURNE: Conzinc Riotinto of Austtralia (CRA) will need to discuss with Howard Smith Ltd whether recent New South Wales government action will affect their present Intention to go ahead with a proposed 50/50 Joint takeover bid for Coal and Allied Industries LtdReuter - 263 words
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Article115 1978-03-03 8 Reuter HONGKONG: Jardlne Securities Ltd has declared an interim dlvldend<of HKI6 cents (15 cents) for the year ended June 30, 1977. Books close March 13 to March 23 Inclusive. The company is a Jardlne Matheson and Co Ltd subsidiary. It was proposed to transfer $60 million toReuter - 115 words
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Article97 1978-03-03 8 James Capel THE Hongkong and Whampoa Dock has revealed Its plan to develop a 149,200 sq ft site on the Hunghom waterfront. Forward selling of the flats will begin in mid-March. When completed, there will be 815 flats of medium size ranging from 500 sq ft toJames Capel - 97 words
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Article91 1978-03-03 8 Reuter HONGKONG: Benguet Consolidated Inc has signed a US$46.l million medium term syndicated loan with a group of banks led hy Bank of America. BA Asia Ltd said. The loan, guaranteed bv the Philippine National Bank, is to finance the development of an open pit mine of 83Reuter - 91 words
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Page 8 Advertisements
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Advertisement252 1978-03-03 8 i 1 i I In l' i i i (Incorporated in the Republic ot Singapore) COMFWNY ANNOUNCEMENT The Directors have decided to recommend a First and Final Ordinary Dividend ot 12Vi% less 40% income tax on the issued ordinary capital of the Company in respect of the financial year ended252 words
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Page 9 Advertisements
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Advertisement1356 1978-03-03 9 Ron Mackie, Editor, Business Times I'Tve worked for some hardnosed News Editors in my time. But the best of them had a basic approach to his business. Any reporter sitting in the office wasn't working. It was the surest way to get fired. It was a hard life on cold1,356 words
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Article1402 1978-03-03 10 BID and ofter prices officially U«ted and business in and "••ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in In IoU of 1,000 unite unless otherwise specified. All ■Time Settlement Contracts ■are quoted after the world "sett." Btg Board deal1,402 words
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Article169 1978-03-03 10 4 3/4% 1/5/79 (250,000) (100.808 100.908) 5 1/4% 15/10/79 (250,000) (101.208 101.408) (2) 101.20 6 3/4% 15/8/80 (250,000) (103.70B) 4 3/4% 15/9/80 (250,000) (99.708 99.825) 6 3/4% 1/12/80 (250,000) (103.70B) S 5% T F 15/4/81 (250,000) (101.60B) 5% T F 15/10/81 (250,000) (101.55B) 5% T F 1/5/83 (250.000)169 words
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Article111 1978-03-03 10 B O T 8 1/2% 1981 (100,000) (100 SB 101HS) B O T 7 5/8% 1984 (100.000) (95H8 96' sS) E I B 9% 1982 (100,000) (100 SB 101HS) E I B 8 1/4% 1983 (100.000) (988 98SS) E I B 8 1/4% 1987 (100.000) 95US) (1) 95111 words
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Article46 1978-03-03 10 BTRIKINO prices of the stock options officially listed on the Btock Exchange of Singapore, the periods, bid ana offer prices and business done yesterday, with the number of options traded shown In brackets. C and C (June 92.20) (0.50B). Sime Darby (June 12.75) (0.MB).46 words
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Article1335 1978-03-03 10 INDUSTRIALS Asma (1.87B). Ajin,m,ta (2.18B). #6B) 2 70 (*> (•>> 198. A Ctw.. (1.168 1.188) (8) 1.17. A M O (0.578 0.908). AP I (1.108 1.118) (49) 1.18 (53) 1.14 (1) l.ia 113) 1.13 (47) 1.10 (57) 1.00 (60) X.U. ■ata (3.508 2.705). Bsn ind C* (0.5781,335 words
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Article145 1978-03-03 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Mar 3 (Corral pi ricaa) The Commerce.... 179 1.90 INCOME BOND 1.09 1.16 The Saving Fund S'pore Prog Fund 1.04 l.lOxd 086 0.91 MARA BUMIPUTRA FUND lM.au>*>' nriM. for M.r 1 S'pore Security Fund S'pore Invest Fund 1.68 1.78145 words
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Article2389 1978-03-03 10 1977/197$ High Low Company Last Sale Qr's Dhr Dhr Cw Gr'» YH Net P/E Vel C888) Day High Low SECTION ONE INDUSTRIALS ISO 266 no 282 88* 234 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Ac ma Alcorn Allied Choc2,389 words
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Article1341 1978-03-03 10 March 1 ON the Chicago Board Options Exchange, a total of 90,874 contracts was traded compared with 104,416 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa 40 1 UNTRD 3 361/4 Alcoa 4S i/a 6/8 11/6 301/4 Alcoa SO UNTRD NOL NOL 361/4 Alcoa 00 UNTRD1,341 words
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Page 10 Advertisements
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Advertisement158 1978-03-03 10 COLLKTINQ X)RiENifIL Amm is by Judith Moorhouse and Dries Blitz Lid Hamlyn Group, London. Oriental antiques have .always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth is perpetuated158 words
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Article, Illustration808 1978-03-03 11 SINGAPORE THE Singapore Stock Exchange opened on a very steady note yesterday as the firm support seen oa Wednesday was extended overnight. However, sentiment soon weakened and prices took a alight dip. Most of the counters finished off their day's best. A greater part of808 words
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615 1978-03-03 11 PRICES moved briefly ahead yesterday, but eased back again as the Kuala Lumpur Stock Exchange turned a shade weaker In the second half of trading. A number of stocks which had started off on a promising note had their earlier gains trimmed under615 words
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COMPANY NEWS
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Article, Illustration643 1978-03-03 11 MANO SABNANI - »y MANO SABNANI JUDGING from its Interim results, Robinson's looks set In the current year to come close to Its record operating profit of $4.3 million achieved during the happier days of 1971/72. For the first six months, the group achieved a trading643 words
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Article222 1978-03-03 11 THE Securities Industry Council (SIC) has approved JC-MPH's proposals relating to certain changes In the option agreement for the acquisition of Tung Yuan Enterprises. Also given the go-ahead by the SIC are the group's arrangements with Jack Chla Holdings of Hongkong for the placement of222 words
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LATEST RESULTS
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Article72 1978-03-03 11 Interlm pre-tax profits for tlx months to end-1977 $3,717,000 ($1,715,000) on sales, up from $23 million In the latter half of 1970 to $31 million for the second half of calendar 1077. In view of the substantial Improvement In profitability for the half year the directors72 words
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353 1978-03-03 11 SOUTH Johorc Amalgamated Holding.' (SJAH) recent announcement of the sale of its investment fat Sing Liaa Express Sda Bhd and its subsequent reply to queries by the Kuala Lumpur Stock Exchange (KLSE) indicate* that SJAH ia getting out at Sing Lian while the353 words
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Article217 1978-03-03 11 Carnal K> Date Total fee Total mmm» Dal* payable Ike year HO*fc year STP(itrs) 10* Feb 14 MarS SO* 27 .M TtawPeMtatow 17.5* Feb 14 MarS 17.9* 27.5* YooHia#8oa( 10*<b) Feb 15 MarlO 10* 10* H-BmrnUm Ml Feb SI Maris 0* 11.9N 15*(n) MarS Mar Si SO* SO*217 words
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Page 11 Advertisements
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Advertisement752 1978-03-03 11 !Mm Asian International Merchant Bankers Berhad (INCORPORATED IN MALAYSIA) BALANCE SHEET 30th September, 1977. SHARE CAPITAL l« ied and fully paid shares of *****00 $1 each (Authorised $20,000,000) CAPITAL RESERVE (Note 4) REVENUE RESERVE 1.507.002 PROFIT UNAPPROPRIATED 6.507.002 TOTAL SHAREHOLDERS' FUNDS LONG TERM LIABILITIES 5.675.111 Loans (repayable after one year)752 words
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Article, Illustration796 1978-03-03 12 Agencies THE JAPANESE Finance Ministry Is expected to announce an average 23 per cent tariff cut on .124 items between April 1 and early May following revision of the related tariff law, according to Ministry officials. The officials said yesterday the plannedAgencies - 796 words
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485 1978-03-03 12 Agencies JAPAN'S exports on a letter of credit (LC) basis recorded a year-to-year fall for the third straight month in February an Indication that the country's booming exports are slowing down the Finance Ministry and the Bank of Japan announced yesterday. The Joint announcementAgencies - 485 words
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447 1978-03-03 12 THE Government has set up a $1 million Product Development Assistance Scheme to stimulate and assist local companies to develop new, or improved existing products and processes. This follows Its recognition of the need to develop local applied research and product development capability and447 words
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423 1978-03-03 12 UPI THE BANK of Japan's policy of defending the yen against speculation by resorting to massive US dollar buying Intervention In the market, If necessary, will remain unchanged, bank officials said. The bank has been trying to prevent a sharp appreciation of theUPI - 423 words
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129 1978-03-03 12 DR CHIANG Hal Ding has been appointed ambassador to West Germany. A Member of Parliament for U1 u Pandan since 1970, Dr. Chiang, 39, was Singapore's High Commissioner to Malaysia from 1971 to 1973. He has held several appointments Including director of the129 words
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Article69 1978-03-03 12 AP JAPAN will import T. 1 million tonnes of crate ad from China this year, slightly more titan iniilii earlier, Kjrodo New* hilM said yesterday quoting oi industry sources. It said the Chinees otl wH be taken by two private cfl trading firms International OilAP - 69 words
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600 1978-03-03 12 RONNIE LIM - •y RONNIE LIM MORE Japanese companies in Singapore are training their workers here Instead of sending them to their parent companies in Japan, a recent survey by the Japan External Trade Organisation (Jetro) indicated. One reason is their satisfaction with training levels In the600 words
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Article201 1978-03-03 12 THE US Export-Import Bank expects to authorise more than US$2 billion (554.62 billion) under Its direct lending programme this year, up from $1.2 billion in 1977. Vice-president Richard Crafton told an export finance seminar In New York that the amount Is still below the201 words
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580 1978-03-03 12 COLIN CHEE - •y COLIN CHEE THE Singapore branch of the Mitsubishi Bank yesterday announced the issue of a US$2O million (Ss4o million) floating rate negotiable certificates of deposit (FRCDs) on the Asian dollar market. The Issue will be the third this year, and the fifth In barely580 words
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Article32 1978-03-03 12 DANISH Foreign Minister Knut Andersen said yesterday that he believed his just-concluded three-day visit to Tokyo would eventually result in a trade agreement between the European Economic Community and Japan.32 words
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Article724 1978-03-03 12 LONDON. Thurs. Prices closed generally lower today but South African gold shares continued firm in overall sluggish thuling, dealers said. EMI dropped 18p to 141p following Its lower half year C (lts and other Industrial ers finished several pence easier. At 3 pm the Financial Times index was724 words
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Page 12 Advertisements
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Advertisement92 1978-03-03 12 Meet the TOSIfIBA ***** A plain paper copier AN^CONoS^ALC^T yoshJai ikiai ✓2 7 jgg. -'is. i -.f *ri- <=■•»' FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT HIRE PURCHASE ....OR RENTAL TERMS. For further information, call Allan Tan [IUHUMM 60 orchard Road Sin 9 a P° re92 words
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Article5226 1978-03-03 13 A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t CiasiiHiMi ScuOitek Mm a jstat mrvtoe ariaag—ill5,226 words
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Page 13 Advertisements
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Advertisement271 1978-03-03 13 ScanDutchV Fast and Regular Service to N.C,/SCAN/W.MED Every 10 Days. Singapore: Tel *****. Port Ketang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel. ***** SHARJAH SHIPPING CO. LTD (UNITED WUB EMIRATES) GULF SHIPPING LINE (UNITED AMI EMIRATES) fIHLI SHIPPIfIG urc -i. (UNITED ARAB EMIRATES) GEHESAI AGENTS SUB AGENTS SHARJAM SHIPPIN6271 words
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Advertisement333 1978-03-03 13 RICKMERS LINIE ToEuroo* Port Ktla*f loadtnt lor Sap** Rick mart 12 15/3 bmkw Anhmp RaMwdam. HaMt»r| Hin(a laenfcardt 71-31/} la**. Anhaarp. R*tort*>. Braaiaa. HaMarf Panlßictmtn 1214/4 BaitaM*. *M«wp. MUrMn «rtr*fl Ka*6w| Mwttm 21/4 2/5 hiHlm. Mm*. RaltatM*. %mmm. Hiw>»n AGENTS NAM SUM SHIPPING CO SON MM). TEL Ptrt Mm, 3KSOI333 words
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Advertisement23 1978-03-03 13 Regular Liner Services From/To AN Parts of the World. Singapore: Tel *****. Port Ketang Tet *****1, Kuala Lumpur TaL *****, Panang: TaL *****23 words
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Page 14 Advertisements
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Advertisement672 1978-03-03 14 rage SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE CONVENTIONAL TO EUROPE r»M P MMI Na rUM GMM H'Wl I tawUM Ami* IMutt, |/3 20/3 5/4 1/4 30/3 r 'in I-- 12/3 29/3 11/4 1«/4 6/4 4/4 Smlm lickMn 11/3 13/3 lt/3 4/4 IS/4 16/4 13/4 -/4 •slk 19/3 5/4 18/4 23/4672 words
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Advertisement737 1978-03-03 14 I Ci SANKYO LINE! AUSTRALIA SERVICE P. fatal* SRPT» Ua*«ferTHKESTAH U/UM» 10/11 Mar FKM,ADO,MEL.S*O SEABLOOM 17/19 Mar 15/ IS Mar WS.SYO rrosGMAW Klfc 22N5^ MAY SKY N/31 Mar 1/2 Apr MUSYD KYOTO HAftU WB far 14/17 Apr ADCL. MIL, SYO KYOSCMAM 1/2 far TO^DQ. MU HAY SKY 34/31 Mar 1/2737 words
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Advertisement567 1978-03-03 14 SEA ~\LAND> U.S.*./ ASIA SERVICE VESSEL/VOYAGE CFS Closes Arrives/departs 5.00 P.M. PONCE¥-319 mm 1/1 M( GATEWAY CITY V-688 *»M/i5 MUU PONCEV-320 ««a/22 mix GATEWAY CITY V-659 .ma/a ma MID EAST SERVICE Regular Dry/Ratfar Container Service It Mai, Damnum, Bandar Abbas, Muscat-and Tatiran. WORLD TIGER V 2 WORLD LION V 1567 words
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Advertisement824 1978-03-03 14 Everett Lines BFSSC Agents in UMyw TEPS MALAYSIA Port Ketang T«i (381 7366 Penong Tel *****/***** CNpaia An—tkw Da n> MwfßH lnwwH—H S. A. C.I.F. mj "ARGENTINE NATIONAL LINE" LOADING H* DURBAN. CAPETOMA. Mi MB AMES MA ANGENTINA 24/25 Mar K/27 Mar Tramportadaa Maritimi Mariana S. A. (L "MEXICAN NATIONAL824 words
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Advertisement473 1978-03-03 14 iWlk JARDNE —ANTAH Orient Overseas (so+dcMteA Line FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) OMENTA! CHIEF 71 1 SEAS BRIDGE 141 OMENTAL RESEABCHE CHOALIER PAUL IK KPTUNE COtttL 6E NEPTUME PtABL 8E CHEVALIER BOH K (STRAITS CARGO m SO FINANCIER 12C I/) TEN YUNG 43E 12/3 0. LEADERH 17/) SO.473 words
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Page 15 Advertisements
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Advertisement1119 1978-03-03 15 CICL Overseas Containers Limited samz II H/CWTIIOT: Ifer •Mr »Mm nihr MMr 8 Mr 24 Mm 28 Mir 14 Apr a* M« n Apr UMM umn 4 Mr I KU4 MT II M KMIM M tar II Mr 11 M* MM MM umn 28 Mr Mr 28 Map IBM* MAM1,119 words
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Advertisement1263 1978-03-03 15 Ben Ocean Ajcutaennce ofßen Line Blue flmnei Gen Line and NSMO ★1 AMERICAN LINES anum ixruaa comtaimbb hrvici lua.nf far He* Tut, East Curt M UM pam If Miat-MaHkridct. L«t Applet. Saa Fraaosca mt Saatth. UMtmt P. KaUn* L. Anftles Atl/Gaif Laad ID.sck) (Octet) P. EISENHOWER I Mar 6 Ma'1,263 words
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Advertisement777 1978-03-03 15 BIN LINE OK* mTTT^^J kmc I'NAvtN p-oarp mm scion La«apar« P. Ul—t fm-r/W Umim Fraaca Mi UJL ScMrtiaaw UMU MAN IMM IK MMm 1 A«r 1 Apr J J J»| IMUINI RUM ttlhr MK B Apr I Apr t J" *C| f" HUIMI 74 Mo IB Mm 14 Apr II777 words
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Advertisement842 1978-03-03 15 Scan Dutch V EXPRESS CONTAINER SERVICE WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA fetdtr *P Ktltnf Ytlul (IIWV 4/ 1 Ml NUT EltUtU 11/ 1 Sf LAMIA ILEAHBA It/ I HI MM FRANCESCA > Mi A. MjIAU Ell A VARA i|/ 4 TATAMA S pent Mtpillts 2} Ua 9 HBhtj 4) Cbprj 11/1842 words
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Advertisement560 1978-03-03 15 GUTHRIE BOUSTEAD SS INKMLtimtt KinUM <*I*l MMTitiM, Htm on. M'teta, Tup Itn D*Rm, t.L, ft., Capet e«m) P(M«| P. Kaliac H/TT Mr Spore 11/11 Ms nan un i tm viiu fn mwm. mamu FOOTiIME ITU P»njnf P. Kelanf 1/1 1(1 Spare 0/11 Ap I LYKES ORIENT LOfB expiess soma mkct560 words
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Advertisement824 1978-03-03 16 "K" LINE KAWASAKI KJSKN KASHA LTD. FVUI c«rMaaa soma rpon CMTUJa MZZ 7W 1/ 4 M« NEPTRK PCARL IW 1 Mir NBCAI«R 9« II Mar i—mi cbmtamkr nr n«v P. Kelanf MMOM CMTAMOK 1 Mar MUENTAL CtICF 71 11 iar sever sus brine mi 29 Mar MuomL mumm it 7824 words
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Advertisement1188 1978-03-03 16 E.C. U.S.JL/ATUUmC/6ULF SERVICE ACCEPTOR FCL/LCL CRRTAIRERS FRR* STltt. P. BUM. POUM nut tsrs rmfmi, new rm, mltimme, m« mums, rmstsr. mlvestm uw itber iw port*. l>m«l P. Mw Miw >—H "11. MAONYA PIAMSR" (Km* ttfy) It/11 Mar "VISRVA SIMRI" n/X E. C./GREAT LAKES SERVICE LUM| far: RMPIU, M* Vl*. MMTKAI.1,188 words
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Advertisement916 1978-03-03 16 k NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: CHEVALIER IttEt 1/ 4 Mar NEPIVNE KM. I Mar MEtCAIOt II Mar NOIISJUMS CfNTAINEI St Mar OHIEHTAL CHIEF I Apr SEVEN SEAS MIKE IS Apr MIENTAL KESEANCNEI 22 Mr CHEVALIE**AiL 21 Mr tc. MS Span Cl«ia| fats: rm r.WMi m rwri tra*.916 words
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Advertisement841 1978-03-03 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BERMAD TEL KL *****4 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA Faatar f. K»lt»i Vitul CUAMM 4/ I M. HUT EIUMM ULAMIA CUAMAA H/ i MM FUHCtSU tkl I Ml. Mil MA S'port 1) Mwilles 8 Mm 3] Hhirj 4) Staff ii/i a/ i a/ i i/«841 words
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Advertisement717 1978-03-03 16 INTRASEA (PTE) LTD NORASIA UNE REttUR INBEPENKRT SERVICE Tl EMK S ngtpore P KelM| Laatoft M: a Mr It Mv Antwerp/Rottefdaa/ r» INTRASEA (PTE LTR.-4«au3&lM U»Mi7 mm hi snpptM trarim mm, mm \*Kansai Line STRAITS/AUSTRALIA SERVICE N/V ffftf ARELAIRE (Wt My 1177) M/V prairie Sinppore f. Kelw( Laafac tir: S717 words
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