The Business Times, 10 March 1978
1978-03-10
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The Business Times
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Title Section11 1978-03-10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, MARCH 10, 1978 50 CENTS11 words
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BRIEFLY...
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Article82 1978-03-10 1 THE Consumer Association of Singapore yesterday accused the two coffeeshop mwifMiatfonii of clearly profiteering by refusing to reduce the price of a cup of coffee by five cents. This Is evident -*bm the drop in coffee bean prices which the associations submitted to the Department of Trade.82 words
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Article54 1978-03-10 1 Singapore Airlines and the Philippines Airlines (PAL) will operate four additional services weekly between Singapore and Manila from next month under an agreement signed on Monday between the two countries. PAL currently operates seven services while SIA has nine services weekly between Singapore and Manila, the Department54 words
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Article76 1978-03-10 1 AP. WASHINGTON, Thurs. The administration of President Jimmy Carter, trying to end the 04-day US coal strike, u set to ask a Judge to order the 160,000 miners back to work. One official said the government is prepared to seek contempt citations and fines against any union locals,AP. - 76 words
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Article73 1978-03-10 1 Reuter. KUALA LUMPUR, Thurs. The Malaysian Rubber Exchange and Licensing Board will set up direct telecommunication links with the London rubber market within one year, Primary Industries Minister Datuk Amar Abdul Talb Mahmud said today. He said the setting up of the direct links would enable dealers inReuter. - 73 words
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Article92 1978-03-10 1 Reuter. LONDON, Thurs. The dollar gained ground against all major currencies on European Foreign exchange markets today while pre-election Jitters sent dealers scuttling out or French francs. Support for the dollar came from Chancellor Helmut Schmidt of West Germany when he told the Bundestag in Bonn thatReuter. - 92 words
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Article52 1978-03-10 1 Reuter. JAKARTA, Thurs, Officials from Singapore, Malaysia and Indonesia today completed preparations for their meeting with Japan tomorrow on navigational safety In the Straits of Malacca. The three littoral countries, in an earlier meeting, had reached agreement on the technical aspects of a traffic separation scheme In theReuter. - 52 words
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Article85 1978-03-10 1 UPI. NEW YORK, Thurs. Stocks headed higher early today despite a government report that February wholesale prices registered their largest rise in three years. Trading was active. Investors apparently were encouraged the dollar was advancing on European markets, although it was weaker in Tokyo. The market also wasUPI. - 85 words
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Chief Price Changes
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Article125 1978-03-10 1 Foils Cona Plant 500 -20 K Hamper 291 M Tobacoo 585 -5 CCM 300 -4 YHS 230 -3 DBS 330 -2 Mipaa Cw|a 310 -2 Dunlop Eat 306 -2 F E Levinfaton 284 -2 OUB 252 -2 Prima 244 -2 Rites RaJunaaHyd 320 10 Tamertob Tgaau Dot125 words
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Article, Illustration167 1978-03-10 1 Rites P. Chem Talplng Con N Iron Rahman Hy Kempas Perils Tractors Chersonese A.Hltam K.L. Ind 2.80 3.10 3.60 3.28 4.02 2.00 3.76 2.45 9.70 0.79H +.10 .10 +.10 +.08 +.08 .07 .06 .06 .05 .04H Folk Kramat Supreme Corp Consol Pit 8. Trading Tronoh 5.90 2.78167 words
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Article, Illustration582 1978-03-10 1 JOHN TAN - INVESTORS STILL HOLDING ON By JOHN TAN CONTINUING weakness In the US dollar since the end of last year has not been without effect here. Financial Institutions and Investors in the Republic have seen the prices of their bonds falling sharply as the deposit582 words
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260 1978-03-10 1 FOR THE first month of this year, Japan maintained Its lead as the major trading partner of Singapore. Total trade with that country came to *628.2 million. In second place was the United States (5510.2 million followed by Peninsular Malaysia (1483.7 million).260 words
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487 1978-03-10 1 RONNIE LIM - •y RONNIE LIM THE LONDON gold market's recognition of the Chartered Industries of Singapore as approved assayers wIU enhance prospects for establishing a gold futures exchange here. The new status accorded Singapore will also support the gold transaction market In this region, according487 words
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Article383 1978-03-10 1 SON TIANG KENG - ■y SON TIANG KENG PANAMA'S first Asian dollar bond issue has been increased from US$25 to $30 million (5557.5 to $69 million) due to strong demand from Asian investors. Panama's financial adviser, Dr. E.P. Ballad ares, indicated last night his country wUI come to the Asian dollar383 words
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326 1978-03-10 1 THE SIME Darby group ia finally coming home. Ai a dinner hosted by the Croup for delegates of the Aaean-Weat Asia Investment Conference Sime Darby chairman, Tun Tan Siew Sin announced that "the board has decided to recommend to shareholders that326 words
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554 1978-03-10 1 MANO SABNANI - h MANO SABNANI PROPELLED by the sharp advance of Its main Malaysian subsidiary, Hume (Par East) has reported vastly improved results for its first six months ended Dec. 31, 1977. Group pre-tax profit leapt 134.2 per cent to $8.28 million on an Increase554 words
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Page 1 Advertisements
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Advertisement8 1978-03-10 1 SAFE WITH AN ITOKI SAFE (fl6) i niw»m.tm8 words
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Advertisement176 1978-03-10 1 0 j# S Your link to world markets When the world is your market you'll need a bank with international capability and service to handle your dealing efficiently and v>!th a minimum of fuss. Whatever your requirements and wherever your business take you, we've got the right connections for you176 words
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Advertisement78 1978-03-10 1 mm SHIPPING TIMES TOP Swedish mission ii«f 2 UK's trade with the Third CONFERENCE on produc- World.. 7 dvity committees 2 LETTER to the Editor 7 PEOPLE in hmtixii 2 PRIMA Bhlm oat hi oeoondSPECTRE of in-fighting half II MWg local yards I URA sixth tender results 12 WEIGHING political78 words
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Advertisement300 1978-03-10 1 ~\=~~^,)*;&_!:`{{:`!{;'>&%++:.| M J 1 t it m -m. >«*&&< TT&ZSt $«te V>ft •*> •5$ w. > n r v >"> E-J6 \Kt t "«ttjr I?! Wayfaong MAF. We make yam money work far you. "I work hard for my money" Lee Hong Tong, Manager make your money work hard for300 words
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TRADE AND INDUSTRY
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461 1978-03-10 2 A PROPOSAL that the United States contribute 5,000 tonnes of tin to the International Tin Council (ITC) buffer stock is supported by Deputy Assistant Secretary of State for International Affairs and Food Policy, Stephen Bosworth. Mr. Bosworth told the Senate Subcommittee on461 words
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165 1978-03-10 2 Reuter. AUSTRALIA'S seasonallyadjusted visible trade surplus widened to AsB9 million In February from $75 million in January (*****.4 million from Ssl9s million) compared with a $3 million deficit in February, 1977, the Statistics Bureau reported yesterday. Exports fell to $979 million and Imports to $890Reuter. - 165 words
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404 1978-03-10 2 A NINE-MEMBER Swedish Industrial group will be in Singapore on Sunday as part of its familiarisation tour of South Korea, Hongkong. and the Philippines The visitors who represent the Axel Johnson Group a large Bwedlsh industrial conglomerate will be here for two days.404 words
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Article, Illustration203 1978-03-10 2 MWM-Diesel Tar East in Singapore has appointed Mr Patrick Lok Ktig Koag (above), as director of finance and administration. Mr Loh, 34, who had his accountancy education In Australia, will be In charge of the company's finances east of Pakistan including South-east Asia, Australia, and New Zealand.203 words
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544 1978-03-10 2 Reuter. THAILAND has raised import tariffs on 141 items, ranging from electrical appliances to processed foods. It also ended the longstanding fixed exchange rate of its currency against the U8 dollar. The government said these measures would cut the country's trade and paymentsReuter. - 544 words
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Article, Illustration264 1978-03-10 2 THE GOVERNMENT, labour and management will hold a two-day discussion on how to make productivity committees more effective. The tripartite conference will be held on April 21—22 at the Shangri-La hotel. About 200 delegates from the National Productivity Board, NTUC, Singapore Employers Federation, Singapore Manufacturers Association264 words
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Article168 1978-03-10 2 UNITED Overseas Finance has gone on-line making It the first finance company here to run a fully computerised savings account service. All six branches of UOF, a subsidiary of United Overseas Bank group, went online this week. Under this computerised system, customers can make deposits168 words
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Article220 1978-03-10 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 Administrative Mar 31 management YWCA, Marine Parade University of Singapore Mar 4 11 Business strategy: Formulation and Implementation SIM Conference Room SIM 4 11 Telephone Techniques and Courtesies SIM Conference Room SIM Mar 5-11 3rd Asian Congress of Secretaries220 words
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Page 2 Advertisements
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Advertisement352 1978-03-10 2 FROM FEDERAL PUBLICATIONS LiM i r v\\ 1 mill I. \\\> a a step-by-step guide An easy to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this352 words
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Page 2 Miscellaneous
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Miscellaneous496 1978-03-10 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS Communist (S) 12 Edge (3) IS Audacity (8) If Clemency (ft) IS Prepared to fight (ft) IS Light source (I) SS Beam (3) 21 Pood allowance* (7) a mut (>)'. a Conclude (ft) U Spool (4) a Rube out (ft) Oame(ft) 27 Congregate (ft) Metal496 words
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OVERSEAS
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954 1978-03-10 3 Reuter. AMERICA is not Intervening in foreign exchange markets to establish a particular rate for the dollar but to calm disorderly conditions. This was disclosed by New York Federal Reserve Bank vice-president (foreign), Scott Pardee at the Fed's Quarterly briefing on theReuter. - 954 words
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Article302 1978-03-10 3 Reuter. PRESIDENT Carter said the United States has serious problems with the strength of the dollar even though its economy is Improving. Mr. Carter spoke on Wednesday at a ceremony swearing in William Miller as chairman of the Federal Reserve Board. Making only a briefReuter. - 302 words
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473 1978-03-10 3 Reuter. WASHINGTON officials estimate that US budget spending this year will be US$5 billion to $10 billion (SSI 1.5 billion to Ss23 billion) lower than latest projections. An Office of Management and Budget spokesman said that OMB director James Mclntyre is concerned by the emergingReuter. - 473 words
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Article, Illustration362 1978-03-10 3 Agencies. THE US Energy Department has announced that it will increase crude oil prices by as much as 6 US cents (14 Singapore cents) per barrel during each of the next three months because of inflation. A spokesman said the increases for March, April and May areAgencies. - 362 words
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WORLD IN BRIEF
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Article456 1978-03-10 3 Agencies BELGIUM'S economy remains weak but a slight improvement is possible In the coming months, the Ministry of Economic Affairs said in its monthly study. Growth of household consumption has remained moderate and expenditure in productive investment low, while construction, apart from seasonal Influences. has fallen. THEAgencies - 456 words
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Article, Illustration270 1978-03-10 3 Reuter. FRENCH Prime Minister Raymond Barre (above) said calls for a sizeable stimulation of the French economy at present arise from either ignorance or electioneering. The last time France had tried to reflate when the rest of the world was showing slack growthReuter. - 270 words
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Article174 1978-03-10 3 Reuter BRAZIL still has a good chance of balancing its trade this year, despite expected crop losses and lower average export prices for some of its leading farm products. Director of the Foreign Trade Department of the Bank of Brazil (Cacex), Benedlcto More Ira, said itReuter - 174 words
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281 1978-03-10 3 Reuter WEST Germany is continuing international talks on ways to compensate foreign shareholders in German shares for disadvantages they suffer under the German corporation tax reform, but there Is still no firm prospect of general agreement. Finance Ministry sources said that, underReuter - 281 words
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868 1978-03-10 3 Reuter. BRITAIN'S balance of payments snowed a surplus of £7.4 billion (SS33 billion) last year, compared with deficits of £3.6 billion in 1976 and £1.46 billion In 1975, Treasury statistics revealed. The spectacular turnround was largely due to an inflow of capital. ConfidenceReuter. - 868 words
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Article349 1978-03-10 3 THE Bank of Canada raised its bank rate from 7Vi per cent to 8 per cent, effective yesterday. It is the first rate change since May 6,' when it was reduced from 8 per cent to 7Vk per cent. Governor of the Bank of Canada, Gerald349 words
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329 1978-03-10 3 THE CHAIRMAN of Britain's Imperial Chemical Industries, Rowland Wright, aald if the sterling exchange rate continues above the level justified by the relative performance of the UK and Its main competitor countries, It will have a very damaging effect on British Industry's exports.329 words
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Page 3 Advertisements
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Advertisement273 1978-03-10 3 readers Because only Hie Journal givespeople somuchofwhat they need to know in business. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day. With the most comprehensive reportage of regional commerce, industry and finance. And with penetrating analyses of the key international273 words
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RAW MATERIALS
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Article434 1978-03-10 4 THE market closed slightly higher with April One RSS buyers quoted at 205.00 cents per kilo, up 2V» cents from Wednesday's close, in Singapore yesterday. Morning prices rose slightly, after a frac-* tlonally lower opening, on Improved forward demand and short-oovering. Prices gained further ground434 words
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Article307 1978-03-10 4 Prices In cents per kilo yesterday: Noon (per kilo) QOM (per kilo) Int. 1 R.8.8. prompt f.o.b. Int 1 R.8.8. April Int i R.8.S May Int. 2 R.8.8 UK/Cont. Int. 3 R.8.8 UK/Cont. Int. 4 R.8.8. UK/Cont Int. 5R 8.8. UK/Cont. Buyers 203.00 204 25 204.75 199.50 198.50307 words
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Article102 1978-03-10 4 NOON SSR and SMR prices yesterday: HAS SSR20 (1— ton pallet) April (Current Mtfc) Buyer* Seller* (cents per kg) 194.50 198.50N (Foe Buy*. (en 195.50 £SIM> 1 Seller* ■U perkf) 197.SON SSR50 (1—ton pallet) 192 50 194 50N 193.50 195.S0N MRELB SMR5CV SMR5L SMR 5 SMR 10102 words
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Article30 1978-03-10 4 Rubber: March 9: Singapore: April 20C.Q0 cent* (up 2,50 centa) Malaysia: April 208.28 emu (up 0.75 cent) Tin: SI.IM (down >10) Official offering: 210 tonnoa (up 39 tonnoa).30 words
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Article188 1978-03-10 4 IN HONOKONO yesterday, the market was steady with prices up to 80 cents lower, dealers said. Turnover totalled 387 tonnes comprising Thais 130, Kwangtungs 181 and Australias 76. The only arrival was 480 tonnes of Kwangtungs. All prices in HK dollars per plcul exgodown unless stated): Thai While: 100188 words
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Article350 1978-03-10 4 COFFEE prices fell sharply In a generally mixed Singapore produce market yesAll grades of the commodity were marked down by $40 per picul by the Singapore Chinese Produce Exchange with top quality AP 1 quoted at $3M) and Lampong Robusta at $200 per picul f.o.b. Prices held steady350 words
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Article387 1978-03-10 4 ROBUST A futures closed In London yesterday morning steady 142 to i' 7 up from previous night. Volume totalled 1,459 lots Including six options. Dealers noted so far, tenders in store totalled 24, tenderable gradlngs 67, while the spot March uncovered position was declared at 2,489. Dealers said physical387 words
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Article196 1978-03-10 4 On Wednesday terminal sugar closed with on balance losses of C 1.30 to C 3.60 per tonne with new contract lows in forward positions in London Turnover totalled 5,902 lots including 28 options. 15* n arket attracted light selling mld-after-noon based on the larger f c C white sugar196 words
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Article71 1978-03-10 4 C.I.F. US dollars per ton. LONDON. i Malaysia 5%ffa bulk May Sumatra 5%f fa March April May June July Au§ Nigeria 5%ffa bulk ROTTERDAM: Sumatra March Zaire < Belg francs per kilo) Wednesday 580 sir 590 pd 600/805 pd 580 pd 555/582'i pd 45?'V580 pd 520/525 pd unq71 words
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Article225 1978-03-10 4 THE Btralts tin price In 1 Penan* yesterday fell Mslo to yob on an official offer- lng of 210 tonnes. In LONDUM yesterday, values lost £9 for cash and £8 for Three Months In both contracts. Despite the downturn at Penang, pre-market values were maintained. The market in225 words
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Article321 1978-03-10 4 TERMINAL cocoa In London yesterday finished the morning with pared gains from previous night of 133 to i°2s per tonne, having staged a 140 limit advance in near May mid-session at f1.763. Turnover totalled 3,210 lots Including 34 options and 1.339 lots self traded. Dealers attributed the limit rise321 words
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Article306 1978-03-10 4 THE sugar market closed easier in quiet trading. Volume totalled 17 lots against 10 on Wednesday, dealers said. May, September and October were the only months traded, which had losses ranged around U50.07 cent* on commission house stop-loss selling, they added. Straddle transactions between May and October were306 words
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Article123 1978-03-10 4 SOYBEAN futures held most of Wednesday's gains Into the close, finishing 22 to 10-1/2 cents a bushel higher but about five cents below early highs In Chicago. The market opened strong as dollar weakness and inflation fears stimulated speculative buying and short-covering. The buying encountered little selling and prices123 words
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Article92 1978-03-10 4 WHEAT futures closed In Chicago with gains of 2% to IV» cents a bushel in most months but below early highs which had brought five-cent gains on Wednes*After advancing early, the March contract finished unchanged as liquidation against limited buying Interest erased Its gain. The market moved up strongly92 words
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Article225 1978-03-10 4 On Wednesday, silver on the LME rose by 8.2 to 8.7 pence per troy ounce. The early strength In gold and US silver futures gave the market further impetus during the afternoon with Three Months trading upto 281.5 pence In first ring dealings. A subsequent steadier trend in the225 words
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Article256 1978-03-10 4 THE London morning gold fix was U*****.9% down $2.05 from the previous. Retail prices per tael quoted by the Singapore Chinese Oold and Silver Merchants Association are $540 for 90 per cent gold, $570 for 22k gold and $800 for 24k gold. In HONGKONG yesterday, gold closed HK$l higher256 words
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Article350 1978-03-10 4 COPPER wlrebars In London yesterday morning rose by £7 for cash and £7.50 for Three Months. Values were given an early pre-market lift by general covering which dealers attributed to the Carter administrations' support for the revolving stockpile fund Involving the purchase of copper. Three Months. traded upto £662350 words
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Article86 1978-03-10 4 LEAD finished In London yesterday morning showing gains of mostly £6.50 per tonne. Values worked erratically higher during the morning with general short-covering in line with the copper trend, running Into bouts of profit-taking. Three Months traded upto t'3o9 with chart and stop-loss buying giving additional support around the86 words
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Article57 1978-03-10 4 ZINC gained C 3.50 for cash and 14 for Three Months In London yesterday. This metal reflected the trends in copper and lead with light-weight covering taking Three Months upto 1265.50 during featureless ring dealings of 775 tonnes. On Wednesday, Three Months traded upto £263 before hedge-selling cut the57 words
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MONEY AND EXCHANGE$
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Article480 1978-03-10 4 THE US dollar continued to come under pressure on the foreign exchange market yesterday, especially against the Japanese yen, though during the early hours of London trading, the US unit tended to stage a slight rally against the other major currencies. Opening on the local market at 234.05/20480 words
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Article74 1978-03-10 4 THE AVERAGE print rate of banks in Singapore stands around 7 par cent, with the range running between «V« per cent and 7 1 per cent. Oversea-Chinese Banking Corporation is st the lower end of the range while a number of banks, including Citibank and Development Bank74 words
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Article175 1978-03-10 4 Asian rates ASIAN currency deposit Interbank ratea as at close on Mar 9 US Doll an(SpM) BU Offer 7 days 15/16 6 13/16 1 mth 7 1/8 7 2 mths .7 3/16 7 3 mths »7 5/16 7 3/16 4 mths 7 5/8 7 1/7 9 mths 7 13/16 7175 words
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Article79 1978-03-10 4 ZURICH rxr haiiRr* vkwlitf quote*on Mar 8: UN I IM» HUM SUrllug :i HM6 0658 Can I 87*4 6834 II Mk 4455 8321 II H 87 SS50 9807 Y Kr M 4.1M SK20 II Kr (1044 <m I II Kr 54 (U«8 1281 N Kr .15 7224 8305 M79 words
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Article33 1978-03-10 4 EtKTiE s.fstRsr am aurttacllMl d ritt 8 rr 1« M/1M 30 Lit 23ft/37t r rr «i at/«2 N Kr M IMD B Pr (con) 410/423 B Fr (fin) 41/42 Yen 0 M4S/M33 words
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Article43 1978-03-10 4 RANGE OF price* offered by dl»count houses on Mar 8 Overnight Vo% Call deposit 3%% Cleaiac 3-Munlh Buytag llia« Treasury bills 33/16 31/16 3-Month Hunk (Mils <7/8 43/4 .1-Month CD 51/16 4 13/16 6-Month 57/16 5 5/16 Source: National Discount Co Ltd.43 words
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Article62 1978-03-10 4 Euro rates LONDON Eurodollar deposit* opening quote* on Mar One mth 7-1/6. 7 Two rath* 7-3/16. 7-1/1* Three mttu 7-3/6. 7-1/4 Four mttu 7-1/3, 7-3/> Five mttu 7-9/16, 7-7/16 Six mttu 7-11/16, 7-6/16 Nine mttu 7-13/16. 7-11/16 One year 7-13/16. 7-13/16 US dollar 16-13/16. 18-13/16 Weekend J-5/6. 1-1/3 Mon/Tuet 6-13/16,62 words
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Article66 1978-03-10 4 THE Malaysian Minister of Finance has fixed these rates for the period from Mar 9 until further notice: Rubber 209-1/8 cents a kg, copra $006.41 a ton palm kernal $239.03 a ton. The rates of duties payable are: Rubber 35-1/4 cents a kg, research cess 1 cent a66 words
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Article232 1978-03-10 4 ENCOURAGED by President Carter's formal admission on Wednesday night that the US has serious problems with tne dollar, It extended early gains against several major currencies In fairly active opening trading. The French franc featured, falling to 4.8275/8325 against the dollar from 4.79/80 overnight, with France now only three232 words
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Article327 1978-03-10 4 THE US dollar for overnight delivery closed sharply lower at 233.60 yen, after falling at one point to a post-war record low of 233.40, compared with 235.00 at the opening. The Bank of Japan bought art estimated S3O million at 233.50 yen In the afternoon to check a further327 words
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Article169 1978-03-10 4 YESTERDAY, the dollar weakened against the yen in active trading but firmed quietly against other currencies, with some speculative switching from marks and Swiss francs to yen. The US unit slipped to a low here of 233.25/50 yen before firming slightly to a late 233.55/75 against New York's 234.90/235.30.169 words
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Article277 1978-03-10 4 Hlr.iffcu FFIStf 8V.87 Courtaulds sis •*M BM 98 00 96 00 Oflkr 90.75 90 75 NatomaaSM West Mining 992 Toray Ind 7*04 Citicorp 8\ 80 92 25 •7.87 84 75 •7 25 •3.00 M.37 •6 28 07.71 EIB It* 8V. B2 97 75 98 50 •0 12 •7 JO277 words
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Page 4 Advertisements
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Advertisement155 1978-03-10 4 'S&S&i-Z asia®~ MM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each.155 words
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TRANSPORT
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434 1978-03-10 5 Reuter. WESTERN Europe is on the brink of selling 20 Airbuses to Eastern Airlines, in the United States. French Transport Minister Marcel Cavallle said the breakthrough for the 250-seat airliner on the American market may come in about two weeks. "IReuter. - 434 words
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211 1978-03-10 5 AUSTRALIA'S trade with South-east Asian countries is expected to increase significantly following more frequent shipping services between the two regions. The Anro consortium's roll-on and roll-off service between Australia and Singapore reached full strength earlier this week when its third vessel the Anro211 words
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Article373 1978-03-10 5 AFP. SOUTH-EAST Asian products passing through the French port of Marseilles have increased considerably since the opening of the Suez Canal, the port authority's Director of Commercial Relations, Mr. Y.P. Remond, said yesterday. For instance, the port was handling about 43 per cent of the French tradeAFP. - 373 words
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Article, Illustration490 1978-03-10 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anna K (Tanker) (0700 subject gas free) 13/14 Cherry Vilja (B. Barge) (1200 after Ocean Supply sails) 48 Oolden Glory (1900 after Irmgrad Jacob) 25 Marla-N (0300 after Idaho hauls) 38/39 Nordhausen (0600) 8/7 Ocean Supply (B. Barge) (after Cherry Villa sails)490 words
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Article, Illustration839 1978-03-10 5 TERESA LIM - By TERESA LIM SINGAPORE Is possibly the lowest cost area In the world for shlprepalring. But while this reputation may have done much to attract shiprepair Jobs here, it may also signal the start of a pricewar locally. "Singapore can be considered the839 words
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Article103 1978-03-10 5 AP SINGLE-voyage opera- tions came to a virtual standstill on Wednesday as far as reported business was concerned, thus leaving It to the time-charter section to provide Interest. In the Far East, Burma Five Star Line booked the 14,860 dwt "Al Rahlm" at U553,950 per day for aAP - 103 words
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137 1978-03-10 5 KUWAIT Investment Company (KIC) has taken over six Seaspeed vessels. It used to own Seaspeed Arabia, Seaspeed Asia, Seaspeed Dana, Seaspeed Dlma, Seaspeed Challenger and Seaspeed Master jointly with Marshlp Corporation Piraeus. But KIC has now taken over all the shares in the vessels137 words
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Article122 1978-03-10 5 BRANIFF Airways, locked in a dispute with the British government over proposed cheap air fares between Dallas and London, asked the US government for emergency rights to fly to four other European cities. Branlff said It needed to fly directly to Paris, Frankfurt, Amsterdam and Madrid "desperately122 words
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Article648 1978-03-10 5 ARRIVALS Service Local Operator Number Time From KAL KE807 0015 SEL PAA PA005 0215 SFO/HKO CAL CI331 0040 TPE/HKG/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OIA GA980 1030 HLP648 words
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Page 5 Advertisements
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Advertisement270 1978-03-10 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 "f CaH us for your locnl or onward reservations ~JT M i IB I 1 S3 9, V SI a i i 1 1 m Z>s m i i \ii f i <•■2 0! p Si"? XL Tf«ll ff \> <»270 words
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Article443 1978-03-10 6 A SUGGESTION that developed countries consider cancelling some of the debt owing by the poorest developing countries. DUt forward bv a senior official In the US Department of Economic Affairs two weeks ago is not surprisingly meeting with frigid response. Admittedly, some countries may feel sufficiently443 words
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Article264 1978-03-10 6 THE FIVE countries of Asean have a great capacity between them, to become a significant economic force in the global economy. All the materials, manpower finance, and increasingly, the skills canbe found inadequate quantities in Asean. All it needs is for entrepreneurs in the countries264 words
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Article, Illustration1742 1978-03-10 6 SIVA ARASU - Br SIVA ARASU IN THE boardrooms of the multinationals, decisionmaking is very much a scientific process. Intuition is important, no doubt. Still, it Is unfailingly complemented by a thorough probing and analysis of all relevant factors. Nothing Is left to chance, for one1,742 words
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Page 6 Advertisements
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Advertisement650 1978-03-10 6 smoapura FORUM® HOTEL *OkMn«fMv US Orchard Rood, S'pore Tel: 3711Z2 408/407 Havelock Road, S'pore 3. Tel: 4ISMI Come and be enchanted by the repertoire o f the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop650 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-03-10 6 WEATHER outlook for Singapore from 6 a.m. to noon today: local showers in midmorning. REPORT for 24 hours prior to 7.30 pm on March 9 at the airport. Maximum Temperature 31.8° C Associated Humidity 64 Minimum Temperature 24.2° C Associated Humidity 100 Hours of Sunshine 6.35 Rainfall in Millimetres Nil62 words
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Miscellaneous267 1978-03-10 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Impossible Dream A Mandarin film (Repeat) 4.35 Intermission 605 Opening announcements followed by Exercise with Gloria o.JO News in Brief 6.35 The Tony Randall Show Case: Mario Strikes Again 0 7.05 In Search Of UFO's 0 7.30 News and267 words
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1825 1978-03-10 7 This review of the UK's trade with the Third World is an adapted extract from this month's issue of The Standard Chartered Review, a publication of the Standard Chartered Bank, UK. THE all-Important factor in the UK's 1977 trade was the development of domestic1,825 words
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Article561 1978-03-10 7 Letter to the Editor Dear Sir, I refer to your article on "Exporters of timber want tighter rein on licences", printed on Wednesday March 8. I wish to rebut some of the comments made by certain timber exporters, as follows: The views expressed are only representative of561 words
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Article451 1978-03-10 7 I WAB served this amazinglooking drink in a hotel coffee-shop the other day bright grass green, it was, and painfully sweet. "Sugar Cane Juice" it called Itself on the menu. Yes, and fresh out of a tin too, or perhaps a syrup bottle, I surmise. Ah451 words
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Article780 1978-03-10 7 JOHN DRYSDALE - IFOBUM. —< 0D economics ly JOHN DRYSDALE Mr. Drysdale is a director of Asia Research Pte Ltd. SOME advertising genius i once said that the use of the word "New" In the text of an advertisement has a compelling fascination for the beholder. This dictum has been780 words
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Page 7 Advertisements
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Advertisement303 1978-03-10 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore Drive, Singapore303 words
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Page 7 Miscellaneous
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Miscellaneous55 1978-03-10 7 BriStcW-Fnok DuJseds I SUPPOSE HPiVC Tms T«DU6LC with f\UTrte ScHOOC L£AVe<?S p once ne so DUPNe-Tms is tuc Of H\S Own P&C J &o1 1 /s POST ftov-iws IS DOftNe &LOGGS 'Tu)o FPkLtS Two t an pi khocjwdut 10 Decioe V Tu next Be fMi kc»mt owee Me smers wee*55 words
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INTERNATIONAL STOCKS MARKETS
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Article1077 1978-03-10 8 New York BARGAIN hunting and some Improvement of the dollar overseas helped overcome worries about the coa) strike and sent prices higher in active trading on Wednesday. Analysts also attributed support to hopes that an energy bill #(T) soon be passed which could help stabilise the dollar.1,077 words
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380 1978-03-10 8 EUROPEAN MARKETS SHARE prices In most of the European bourses closed generally higher on Wednesday. A few bourses like Paris and Milan, however, closed lower in moderate trading. Prices In Frankfurt were marginally higher on balance with large purchases by some big Investors. Banks were380 words
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Article226 1978-03-10 8 MAR M Fls Ahold 100 00 unch Akzo 21.80 unch Algbank 341 00 +0.5 AMEV 81 00 1.3 Amfas 109 00 1.6 Am rot Bunk 73 30 +0.2 Bergoss 57.20 unch Berk 98 50 -2.7 Bols 69 10 -1.9 BorsumiJ 140.20 -0.3 Burhmann 66 50 -0.2 Byenkorf 81.50 +0.5226 words
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Article275 1978-03-10 8 MAR R Frs CORBEILLE Air-Llquidt 250 -3 B S N Gervats Danone 353 unch CSF(ThomsonC»f) 140 40 unch Cle Francai* d«s Petroles ***** 1.3 Compagnie Financlere Compagnie General* 280 -7 5 Credit Fonder De France 294.50 unch Hachette (Libralrle) 120 unch Machines Bull 25 30 ♦0.1 Mlchelln(B) 1069 •IS275 words
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Article218 1978-03-10 8 MAR OK Dm Aef-Telefunken 88 70 +0 2 Akzo 20 50 ♦0.1 Allz Leben Allz Vers 483 ♦9 BASF 137 90 ♦0.5 Bay H T Wbunk 287 1.5 Bay Vbank 322 ♦3 Bayer 138 30 ♦0.7 BBC" 2V7B BMW 227 50 •1.4 Cussella 380 Chem Verw 224B Commerzbank 231218 words
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Article186 1978-03-10 8 MAM m Francs Action* Hutxan 285 ♦S Alusuisse Br 1180 5 AlmutrnKri MI 12 Brown Bowl Br 1580 ♦S Obu Geigy Br 1123 23 Clbu Or icy PC 833 33 Clba Qeigy 630 -2 Credit Suisse Br 2280 ♦3 Credit Suisse Ret 430 ♦3 Dektrowalt Br 1310 10 Oeorie186 words
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Article92 1978-03-10 8 MAR H Frs FORWARD MARKET Acec 223 5 Arbed 2190 -30 Astur 500 -12 Brascan 426 *2 Bru-Lamb 1*06 -2 Canpuc 473 unch t'ock 354 De Beers 165 Ebes 2355 unch Elect robe! 6050 -10 Gb-Inno-Bm 1R55 -S Gev 1236 unch Hobok 2250 unch fvtro 3810 -25 R)l Dutch92 words
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Article101 1978-03-10 8 MAR m Lire Ante 132 Assoc Gen ***** f 10 Bastogl 501 -19 Centrale 3651 -44 Fiat 1965 -16 Finsider 80 25 -4 25 Gen Immob 79 -2.75 IFI Pri 2J74 -13 Ilalcemenli ***** -310 llalgus 645 •IS Italsider 136 50 -2 Magnet! M Pf 399 50 -5.5 Murellt101 words
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Article65 1978-03-10 8 FINANCIAL TIMES INDUSTRIALS Wednesday 446 7 Tuesday 84 H to 85 H.K HANG SENG Tuesday 444 1 Week Ago 443.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 750.87 WccK AgO ALL ORDINARIES Thursday 445.58 Wednesday 443 26 Tuesday 746 79 Week Ago 441 86 Week Ago 743.33 LONDON DOLLAR PREMIUM65 words
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Article598 1978-03-10 8 Tokyo Source: DBS-Daiwa AFTER a firm start share prices turned lower due to Investor anxiety over the sharp appreciation of the yen to 234 against the dollar on the Tokyo foreign exchange market yesterday morning. As a result, export-related hit and thinly traded. Nevertheless sell orders forSource: DBS-Daiwa - 598 words
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Article388 1978-03-10 8 ON reduced turnover, the Hongkong market tended to drift easier in spiritless trading yesterday There were no attempts to move the market either way and no sector was particularly Inspiring Brokers were hard pressed to discover a reason for the strength of HK Wharf at 14.50 and new world388 words
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Article347 1978-03-10 8 THE stock market In Sydney closed firmer with minings aided by higher metal prices yesterday. BHP added four cents to A 55.44 as did ACI to 1.80 and the Bank of NSW to 5.12. Other banks advanced, properties steadied and brewers and retailers firmed. CBR gained six cents to347 words
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Article1546 1978-03-10 8 March 8 TRADING on the Chicago Board Options exchange came to 108,678 contracts on Wednesday compared with 111,882 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am1,546 words
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Article160 1978-03-10 8 THE market closed mixed yesterday, with mining and commercial averages posting gains, while oils declined as turnover rose to 0.58 million pesos from Wednesday's 4.43 million. Atlas. Phllex and Lepanto gained five, four and threej points respectively. Trading in the mining sector improved on favourable metal prices. MAR M160 words
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Article162 1978-03-10 8 MAR M Bahts ♦A Asia Fibre 278 41 Bangkok Bank am 42 Bangkok Invest. 384 -2 Bangkok-Metro-politan Bank Bau 820 unch 1 BerllJucker S12 -4 1 Carpet Intnl 420 unch < Charoong Thai Wire 442 42 1 Dumex DusttThani 370 4-1 1 Faber MerUn First Trust MO -20 Genera162 words
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Article256 1978-03-10 8 SHARE prices on Wednesday j closed higher in active trading., The composite Index was up 3. 1/2 points while the gold Index,, up more than 43 points, posted i its best gain in two months. i *o ,ume totalled shares, up from! 2.752,512 shares on Tuesday. MAR 08 C*256 words
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Page 8 Advertisements
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Advertisement332 1978-03-10 8 Slow boat I ffIUC s *a* fc **LJL^A <$0* Z CHINA TRADE QUARTERLY f* East Publications RT *913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. |T"| Please enter my full subscription to China Trade Quarterly. I am a cheque/money order for USS2OO.OO or equivalent in other currencies. IT] Please332 words
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INTERNATIONAL COMPANY NEWS
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Article157 1978-03-10 9 NORTH AMERICAN COMPANIES Reuter. H.J. HEINZ CO., the processed foods manufacturer, reported a 15 per cent rise In profits for its third quarter, and said It was "well on Its way to reaching Its 15th consecutive year of sales and earnings gains." Heinz said Its profitsReuter. - 157 words
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Article72 1978-03-10 9 Reuter. NOMURA Securities International Inc said It filed with the Securities and Exchange Commission for establishment of what It said would be the first US index fund comprised entirely of Japanese common stocks. The fund, Nomura Index Fund of Japan Inc, will be an open-end, no-loadReuter. - 72 words
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Article51 1978-03-10 9 BEATRICE Foods Co said directors voted to Increase the quarterly dividend to US27 cents a share from 24 cents, payable April 1, on record March 17. The company estimated sales were $6.2 billion In the year ended Feb 28 and repeated an earlier forecast of record earnings for fiscal51 words
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Article242 1978-03-10 9 Reuter. QULF and Western Industrie? Inc said all Its groups had operating profits for the first half of fiscal 1978, although declines were reported by its manufacturing, natural resources, consumer and agricultural products and paper and building products operations. Oulf and Western earlier reportedReuter. - 242 words
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Article59 1978-03-10 9 Reuter. LAN Sinclair, chairman of Canadian Pacific Ltd, said the company will move its head office from Montreal if the ruling Parti Quebecoia forces it to operate in French. "If we can't operate effectively and efficiently there, we'll leave, but we will try every way we can toReuter. - 59 words
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Article254 1978-03-10 9 AP. EXXON Corp. expects to earn returns of 15 to 20 per cent on Its investments in oil development in northern Alaska and the North Sea. But chairman Clifford Garvin in Washington said that even higher profit margins will be needed to justify continued exploration and development inAP. - 254 words
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Article129 1978-03-10 9 Reuter. REBUFFED as a suitor by Chicago's Marshall Field, the Los Angeles-based Carter Hawley Hale stores chain said It is holding merger discussions with John Wanamaker of Philadelphia. Carter Hawley Hale said its talks with Wanamaker were only preliminary. Wanamaker has 15 stores in theReuter. - 129 words
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Article63 1978-03-10 9 CHASE Manhattan Corp said it is offering to exchange shares of its 6V« per cent series "B" preferred stock for outstanding per cent convertible capital notes due 1093 issued by its Chase Manhattan Bank unit. The company says it is also offering to exchange 7.6 per cent63 words
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291 1978-03-10 9 EUROPEAN COMPANIES Reuter. LONDON: Unilever Ltd and NV reported combined fourth quarter pre-tax profit of £125.4 million (£133.9 million), making total £550.0 million (£610.8 million) for 1977. Combined sales to third parties £2.48 billion (£2.29 billion) in fourth quarter, makingReuter. - 291 words
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Article104 1978-03-10 9 Reuter. COLMAR: An arbitration committee ordered the evacuation of the RhonePoulence SA subsidiary Rhone-Poulence textile factory here which has been occupied by strikers for several days, union sources said. At a strike vote attended by 446 of the 749 employees, a majority were In favourReuter. - 104 words
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Article96 1978-03-10 9 Reuter. OSLO: Norway's biggest industrial combine, the state-controlled Norsk Hydro should be given a 9 per cent share In exploration of the so-called gold bloc In the Statfjord field of the North Sea, a parliamentary Industrial committee proposed. It said Norway's national oil company, Statoll, should be givenReuter. - 96 words
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Article177 1978-03-10 9 ASIAN COMPANIES Reuter HONGKONG: Nan Fung Textiles Consolidated Ltd has announced unaudited consolidated net profit of HKS2.O9 million (924.44 million) for tne six months ended Sept 30. The company has earlier announced an interim dividend of 12 cents (same), payable March 28. It estimated secondReuter - 177 words
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Article115 1978-03-10 9 TOKYO: Japanese shipbuilder Sasebo Heavy Industries is seeking a four billion yen loan from a syndicate of six Japanese banks to help It streamline Its operations and tide It over difficulties caused by the recession in shipbuilding, a company spokesman said. The spokesman quoted the managing director115 words
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Article207 1978-03-10 9 Reuter. TOKYO: Canon Inc said Its after-tax prottt in 1978 will be virtually unchanged from the 5.98 billion yen recorded the preceding year In view of the yen's anticipated appreciation. Sales, however, are expected to rise to 13S billion yen from 123.99 billion as sales ofReuter. - 207 words
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Article114 1978-03-10 9 AP. TOKYO: Tokyo Shlbaura Electric Co., Ltd. and Britain's Bovlng and Company have won an order from the Volta River Authority of Ohana for four 40,000kllowatt hydro electric power generating units, Toshiba said. Toshiba said the equipment, worth about US$25O million, will be used at theAP. - 114 words
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Article114 1978-03-10 9 Reuter. SEOUL: The Asian Banking Corporation (ABC) was opened here as a Joint venture between Saudi Arabia's Triad Holding Company and a number of South Korean firms. ABC announced it had an issued capital of 2.5 billion won, but was authorised to double the capital later. TriadReuter. - 114 words
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Article71 1978-03-10 9 HONGKONG: Tak How Investment Co is raising at least HK$lOO million through a syndicated loan, Amex Bancom Ltd said as lead manager. Proceeds will be used to finance a hotel expected to be managed by Holiday Inns Inc. The loan will carry interest 2 to 3 per cent71 words
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Article177 1978-03-10 9 Reuter. MELBOURNE: Copper Resources (FIJI) Ltd and Preussag FIJI Ltd excercised their options to enter the second stage of exploration at the Namosl porphyry copper project in Fiji, FIJI Lands, and Minerals Resources Minister Militonl Lewenlqlla said In a statement Issued In Suva. The statement wasReuter. - 177 words
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Article154 1978-03-10 9 UPI TOKYO: The Overseas Uranium Resource Development Corp. of Japan will begin full-scale mining next month of Niger ore believed to contain a substantially higher amount of uranium than US and Canadian ore. A spokesman for the corporation said the Akouta Mine is exbected toUPI - 154 words
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Page 9 Advertisements
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Advertisement135 1978-03-10 9 I ,i «?> ■*'vv >.V V t v** ';Y,' I > y-%- v m ril ll c> f ■>-' ■■<«,'■' v 5 Iff •H* W' N &Th *h *>*'• ■f*\ $j£ A %> r: f-r SINGAPORE v* w-* PROSPERITY That is Singapore Business* wish to all our readers for the135 words
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DEALS DONE ON THE SES AND KLSE
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Article2712 1978-03-10 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 unless otherwise specified. All Time Settlement Contracts are quoted after the world Board deal (in lots of2,712 words
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Article142 1978-03-10 10 R®P Spore D Mark 7% 1882 (100,000) (1038 103*S) S 1/4% 16/10/78 (250,000) (101.308 101.453) 5 3/4% 1/6/78-80 '(250,000) (101.15B) 4 3/4% 15/9/80 250,000) (99.858 100.003) 5% T F IS/4/81 (250,000) (101.SOB) 5% T F 15/10/81 (250,000) (101.70B) 5% T F 1/5/83 (250.000) (100.158 100.253) 5 3/4% T142 words
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Article78 1978-03-10 10 B OT 8 1/2% 1961 (100,000) ilol*B 101SS) I O T 7 5/8% 1884 (100,000) (9558 963) B O T Floating 1964 (100,000) (99(4899%8) C Itoh 8 1/8% 1884 (100,000) (95M8 95HS) LTCB J 1982 (100.000)(99*B 100S) LTCB J 1983 (100,000) (99*8 1008) Credit Lyoaaaia Floatins I*B3 (100,000)78 words
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Article260 1978-03-10 10 STRIKINQ prices of the stock options officially listed on the Block Exchange of Singapore the periods, bid an J offer prices and business done yesterday, with the number brackets"* t de<l hown 111 C aad C (March 82.20) (0.548 0.508) (June 82.20) (0.558 0.608). (June 81.55) (0.178 0.258).260 words
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Article101 1978-03-10 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Asms (1.708). AJinemete (2.308 2.388). Aleem (2.708 2.728) (2) 2.70. A101 words
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Article140 1978-03-10 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagara' priea a for Mar It) (Otrraat pi ieaa) The Commerce... 1.S1 1.92 INCOME BOND 1.10 1.17 The Sarlnf Fund S pore Prof Fund S'pore^Securlty 1.02 1.08xd 0.17 0.92 1.69 1.79 MARA BUMIPUTRA FUND (Manager*' prioaa br Mar 19) First Bumlputra *41140 words
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257 1978-03-10 10 HIGHER sales, following Improved marketing efforts, and cost reduction measures are finally showing through In profits at Loytape, with a pre-tax result of 1420,633 made In the first half of the current financial year. The company turned In a minute profit last year after257 words
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Article2371 1978-03-10 10 \m/\m High Low Company Last Sal* 4-sr-Gr's Dhr Dhr C*TT Gr's YH Net P/E Vol (*669) Day High Low SECTION ONE INDUSTRIALS 185 208 124 282 88* 234 189 291 422 148 132 185 58 212 57* 155 144 182 350 91 Acma Alcom Allied Choc Bata2,371 words
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Page 10 Advertisements
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Advertisement166 1978-03-10 10 COLLECTIHQ Oriental Antio^ej by Judith Moorhouse and Dries Blitz G3 N I V Aht N TA\ 0 J* 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 for166 words
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Article, Illustration677 1978-03-10 11 SINGAPORE .1 SHABJ. irtwi generally lacked direction in moderate trndiag on the Btodi Excfeaf* of Singapore yeeter- The opening of the market •> a (toady to firm note -nn. la a carry-orer from the T**, A forward ta ■ahaegnontfy foU Mow h. Towards tiM677 words
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Article497 1978-03-10 11 INVESTOR Interest continued to focus on selected glantation shares at the iuala Lumpur stock market yesterday. News of the approval by the Capital Issue Committee on the revaluation of the estates of Consolidated Plantations, Kempas and Benta met with good response. Consplant, the subject of497 words
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Article148 1978-03-10 11 KAH MOTORS, a subsidiary of Oriental Holdings, is expanding Its plant In Sutterworth in a bid to Increase Its assembling capacity. Informing the Kuala Lumpur Stock Exchange, Oriental adds that the total expansion cost Is estimated to oe about 14 million and Is expected to be completed148 words
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COMPANY NEWS
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432 1978-03-10 11 THE CONTINUED buoyant conditions ruling In the tin market have pushed profits at Austral Amalgamated Tin to new heights at the half-way mark. For the first six months ended Dec 31, 1977, pre-tax profit nearly doubled to M 86.45 million from 83.55 million432 words
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Article318 1978-03-10 11 Current Ex Books Date Total for Total for payment Date CIom payable the year previous year YaoHiapSen, 10%<b) Feb 15 Feb 21 MarlO 10% 10% M. BibMih Wilkinson 6*1 Feb 21 Mar 3 Mar 13 6% u.o%<a) 16% Mar 14 Mar 30 Mar 30 16% 15% Taiping Consolidated318 words
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316 1978-03-10 11 DESPITE substantially higher tin metal prices prevailing in the second half of last yew, pre-tax profits at Tongkah Harbour Tin Dredging only managed to Inch up marginally in the first half of the current year ending June 30, 1978. Pre-tax profit for316 words
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Article45 1978-03-10 11 BERADIN Rubber Estates Ltd Second Interim dividend 1.5 pence, year ended Sept 30. the company paid a first Interim dividend of 0.5 pence per share on June 30, 1977. It said any final dividend would be considered when the final accounts are completed.45 words
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288 1978-03-10 11 HONGKONG Land's wholly-owned subsidiary, Fltzpatiick's Food Supplies (Par East) Ltd, has sold Its 17-storey building in Kuala Lumpur to a Malaysianbased family concern, Lim Foo Yong and Sons Realty, for a price said to be around Ms2o million. An agreement to the effect has288 words
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Article, Illustration725 1978-03-10 11 ARTHUR NG - EARNINGS UP MARGINALLY By ARTHUR NG THE STRONG recovery noted at Prima (Flour Mills) Ltd at the half-way mark fizzled out completely In the second-half period resulting In only a marginal rise In group earnings for the whole of last year. Against a725 words
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Advertisement149 1978-03-10 11 S '»c?i' es *?> n <Jf *C{ <V '%s Of Vr, s. s S, o tJ f* r m >•* -*r V •f» /o cy> I I The Straits Times Directory of Singapore 1978 more popu- tarty known as the'BukuMerah', carries more than 27,000 entries covering over 1,500 categories of149 words
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ASEAN-WEST ASIA INVESTMENT CONFERENCE
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Article, Illustration301 1978-03-10 12 BUSINESSMEN In Asean and West Asia have been urged to establish contact, afld examine areas for Joint ventures which could be mutually beneficial. This Is because while there are many opportunities for Investment In tlui Asean private sector. West Asian Investors301 words
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Article, Illustration696 1978-03-10 12 ASEAN, West Asia and the Industrialised nations should jointly promote greater economic growth for their mutual benefit. With Asean's natural resources and manpower, West Asia's financial resources and business acumen and the developed nations' technology, mutually beneficial opportunities could be made available not696 words
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Article, Illustration527 1978-03-10 12 COOPERATION between the financial markets In Asean and West Asia is not only possible but economically necessary and beneficial to both regions. Dr. Tony Tan, a general manager of OverseaChinese Banking Corporation pointed out that there is great potential for financial cooperation between the Asian527 words
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Article53 1978-03-10 12 Reuter OPEC Secretary General All Jadlah said industrialised nations are blocking attempts by oil producers to build their own refining and petrochemical plants. He told a UN symposium here on Oil Industries in Developing Countries that Opec is determined to sell its oil asReuter - 53 words
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520 1978-03-10 12 SIVA ARASU - By SIVA ARASU IN THEIR Journey towards professionalism, secretaries must take two vital steps to form a national body and to define clearly what they perceive to be their function. Only within this framework can subsequent specific programmes be drawn up. Making these points520 words
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Article234 1978-03-10 12 SEVEN developers, with projects, Involving an estimated total Investment of $160 million, have been successful in their tenders for sites offered under the Urban Redevelopment Authority's sixth sale. They are mainly for hotel, shopping and office projects, and show a conspicuous absence of awards for other designated234 words
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271 1978-03-10 12 THE LEADINO Western Jndustrlallsed countries failed to bring any significant new elements into the debate on the indebtedness of developing countries, Third World sources said as a ministerial meeting on the issue went into its third day. US Under-secretary of State for Economic271 words
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246 1978-03-10 12 CHAN SONG SOO - •y CHAN SONG SOO SEMBAWANG Shipyard subsidiary, Sembawang Engineering, hit iuit been ■warded a $10 mifriou contract Which will launch it into an ambitious diversification programme. A Ana example of vortical combination of European technology and Singapore manufacturing expertise, the contract Is246 words
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Article, Illustration642 1978-03-10 12 JAPANESE Prime Minister Takeo Fukuda said Japan is considering emergency imports totalling U***** million (552.07 billion) by the end of this month to reduce Japan's currentaccount surplus and stop sharp yen appreciation against the dollar. Mr. Fukuda who did not specify particular imports,642 words
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Article781 1978-03-10 12 LONDON. Thurs. Stock puces rose on technical considerations and moderate Investment demand. At 3.00 pm the Financial Times Index was up 0.4 at 453.1. Oovernment bonds were marked up to 1/8 higher on news of lower than expected British government borrowing to sh6w gains of up to 7/8781 words
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Advertisement99 1978-03-10 12 SEE PAGE C Meet the TOSHBA 8D702A plain paper copier ANECONOM^AL^ST r V 5 V f: fxm p. W V, F. M y <* *v MS H 3f V >• m FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT... HIRE PURCHASE ...OR RENTAL TERMS. For further information,99 words
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Article4635 1978-03-10 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortium* SeaaDuteh hu a Joint service4,635 words
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Page 13 Advertisements
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Advertisement328 1978-03-10 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore. Tel. *****, Port Kelang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel. ***** IjN f Lines Inc. (U.S.A.) wvT vUrVlin Trans-Pacific Service Full Container Service To USA FEEDER VSI SPORE MOTHER VSI HK OM U GULF i/C328 words
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Advertisement425 1978-03-10 13 SHARJAH SHIPPING CO. LTD s >.*-A j:i <1 (UNITED ARAB EMISATES* GULF SHIPPING LINE (UNITED ARAB EMIRATES) fIHU SHIPPIfIG unc -Ml (UNITED ARAB EMIRATES) S pore P Kelanf Pwung <Hll n/Zl Mar 20/30 Mar Mil 2/5 May 0/0 Nay 0/II May ACCEPTIM CONTAINERISED fa CAMO La*«a|tar Mw/PiW/tti MMM DM/fe Mati/Kin*425 words
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Advertisement189 1978-03-10 13 >'{@[.:*?(;$\%^))+^+?'\$/[&>-*? m.v. "VISHVA CHETANA" VOY: 25 arrived 7th March, 197 H. at P.S.A. Godown No. IN. General Survey of damaged cargo ex the above vessel will be held on Monday 13th March. 1978. as from 9.00 a.m. to 100 p.m. No further survey will be held after this date. AgenU:R.189 words
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Advertisement25 1978-03-10 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****. Port Ketang: Tel. *****1, Kuala Lumpur. Tel *****, Penang: Tel *****25 words
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Advertisement791 1978-03-10 14 I SHIPPING j IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE Spwt PKttMf H'kar| B'knwUwi Rhuw Mara Kaatari [ipnu Osaka lay H«l| (Mf Eiprtn 12/3 14/3 24/3 26/3 27/3 29/3 4/4 7/4 11/4 13/4 19/4 21/4 28/4 30/4 4/5 6/5 6/4 8/4 9/4 14/4 16/4 17/4 19/4 22/4 23/4 28/4 30/4 26/4791 words
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Advertisement749 1978-03-10 14 fa SANKYO LINE] AUSTRALIA SERVICE P. Mar* THREE STAR 12/13 Mar SE ABLOOM 17/1# Mar KYOSEIMARU 30/31 Mar MAT SKY 31/31 Mar KYOTEN MARU 14/15 Apr Laarf*|»*r 11/11 Mar FRCM, AOEL, MEL, SYD 15/ IS Mar ORIS, SYD 1/2 Apr FKM.AOCL.MEI 1/2 Apr Mill SYD 16/17 Apr AOEL. MEL, SYO749 words
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Advertisement480 1978-03-10 14 T\ SEA iLAND U.S.A./ ASIA SERVICE DRY/REFRIGERATED CONTAINER SERVICE SAIIWG EVERY WEDNESOAT FO« POtTS 111 USA. CAMOA. CARIBBEAN lAPRN. MMU TAIWAN. HONS ROM. THAI UNO MO PHILIPPINES VESSEL/VOYAGE RAPHAEL SEMMES V-935 PONCE V-320 RAPHAEL SEMMES V-936 PONCE V-321 Vessel Arrives/departs MAR 15/16 MAR 22/23 MAR 29/29 APR 4/5 C.F.S. Closes480 words
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Advertisement703 1978-03-10 14 Everett Lines Burro Fhrt Star Sfcippwi Ctrpa. üßk "BURMESE NATIONAL LINE" LOADING FOR RANGOON tapPM MTMTMYM >. 1J M» B F SS C Ageofi m Moloys.o TEPS MALAYSIA Port Kelong Tel (38) 7355 Penong Tel *****/ ***** LOADING FOt DURBAN. CAPETOWN MEMOS AWES PATAGONIA ARGENTINA Singapore P Kaianf Pnm| 20/27703 words
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Advertisement652 1978-03-10 14 ■Mi w, lARDINE AMAH I Orient Overseas CcwiauteA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S'pm P. I NEPTUNE run. HI IN W 11/) MERCATOR Ml l(/j u/j H. ROM CONTAINER TK u/3 y t OMENTAL CHIEF M j/< M/ 4 S S£*S BRINE 1» 15/4 16/« ORIENTAL RESEARCHER652 words
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Advertisement1338 1978-03-10 15 OCL Overseas Containers Limited ctwuwtiatf soma n Hitmmm Ntwrf 9wm P. Hal Vaart Hiumt MAIU litt MM I Mr KMUM* Nibr NH» H lir nine MAVU ll Mar Mir 1» Mr UMIKC EtfKSS S Mr T Apr 71 Mr Hill UT I] Mr Mr ><V lENAVON n Mr II Mr1,338 words
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Advertisement1075 1978-03-10 15 EPS BEN LINE NKK 8 HAVEN R'DAM HAVRE SCION Siitppora Mla«| W. itrmumj Or«t/ia BaaaUM f raaca All U.P. I Scjajiaam. rUMNIt MAN 11 Mar 14 Mar Apr I Apr ¥114 Apr) J A* BENAIBER 24 Mar XM> 14 iff II Apr IT Apr (71 Apr) 12 A«r RNfM MAPU1,075 words
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Advertisement986 1978-03-10 16 "K" LINE KAWASAK? KISSN KASHA LTD. -g7T W CMTMona soma ri mm on* sub S'poro P. klar.j LHovro H"buij Brrmea m rnnm pearl nr s«m 11 hit mmr 1 Apr 2 Apr MERCATOR SW II Mar 17 Mar S Ayr I Ayr 7 Ayr NtNGKONC CONTAINER NT 31 Mar 1986 words
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Advertisement471 1978-03-10 16 MM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mml Ktian( Pannf I tan lUNCA MCUTI 14/11 Mir It/a Mar Ctra.f! Loon 9, 4. Mam 14/4, Bmtn 17/4. Hburt IS/4, Lnool a/4. SDNS A lATA »/a Mar 4/ 4 Apr I Apr Blona 23/4, Ca4.11/Uool 21/4. Mb»r| 4/5. Roam 7/5 Aiatrp 10/5.471 words
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Advertisement614 1978-03-10 16 INTRASEA (PTE) LTD ttnorasia une recolar inraftm snrna ti mm Sngapore P. Kelang Lm<m( hr: nto II to AntMerp/Rottardaai/ Hantog. intrisea pro lti.—2umi —m mm Ttl SKPPIK ft TRAMM MM. MI7» Kansai Une STRAITS/AUSTRALIA SERVICE Singapore P. Kelang Laaiai fir: 1 PRAMIE II to ato Brisbane/Sydney/ Melbourne/Adelaide. iati Siagapsra INTRASEA614 words
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