The Business Times, 14 March 1978
1978-03-14
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The Business Times
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Title Section10 1978-03-14 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, MARCH 14, 1978 soCENTS10 words
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BRIEFLY...
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Article72 1978-03-14 1 AFP KUALA LUMPUR, Mon. A task force comprising experts from the central banks of 12 Islamic countries has been established to make ln-depth studies on the areas of cooperation In the monetary and financial fields among member countries of the Islamic Conference. This was agreed at the firstAFP - 72 words
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Article64 1978-03-14 1 AFP. WELLINGTON, Mon. New Zealand will not be admitting more refugees from Southeast Asia "for a while". Prime Minister Robert Muldoon said he had told this to Poul Hartllng, United Nations Commissioner for Refugees who had talks with him In Wellington last week. New Zealand Is nowAFP. - 64 words
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Article71 1978-03-14 1 AFP KUALA LUMPUR, Mon. Malaysia will watch very closely how the United States will dispose of its 45,000 tonne of tin stockpile and hopes that the release will not dampen the tin market Primary Industries Minister, Datuk Amar Taib Mahmud, said today. In considering disposal of its stockpile,AFP - 71 words
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Article63 1978-03-14 1 UPI. NEW DELHI, Mon. A special commission investigating the alleged excesses committed by former Prime Minister Indira Gandhi during her 19 months of emergency rule of India has submitted its first preliminary report. Home Minister Charan Singh told Parliament: "We will examine the report as early asUPI. - 63 words
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Article69 1978-03-14 1 UPI. BEIRUT, Mon. Palestinian guerillas in Lebanon stood at full alert today against possible Israeli reprisals after the deadliest Palestinaln strike In the history of modern Israel. Despite almost universal condemnation of the attack from Western nations, the action was hailed by many Arab states as a courageousUPI. - 69 words
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Article73 1978-03-14 1 Reuter. FRANKFURT, Mon. West German metalworkers union leaders decided today to call a strike in the south-west region tomorrow to back their call for an 8 per cent pay Increase. The employers had raised their original offer from 3.5 per cent to over 4 per cent but theReuter. - 73 words
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Article124 1978-03-14 1 UPI NEW YORK, Mon. The stock market, encouraged by the joint plan by the United States and West Germany to support the dollar abroad, headed sharply higher in active trading early today. The Dow Jones Industrial average, which climbed 8.58 points on Friday, was ahead 5.72 points toUPI - 124 words
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Chief Price Changes
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Article121 1978-03-14 1 Rises Sim* Darby 368 16 (JOB 289 +9 Batu Ka wan 152 +9 DBS 340 +8 UIC 269 +8 OUB 258 +7 M Banking 314 +6 Tan Chong 274 +6 Spore Glaii 127 +6 Ayer Hitam Tin 960 +5 OCBC 585 +5 Foils Tnmoh Mine* 580 -15121 words
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Article, Illustration160 1978-03-14 1 Rises Toshiba 4.00 +.40 Oriental 3.80 +.18 Slme Darby 3.82 +.18 DBS 3.52 +.12 UO Bank 2.97 +.11 Rlvervlew 1.88 .08 Sanyo 3.50 .00 Tand N 3.76 +.08 Kempas 4.10 .08 Falls Castlefleld 7.75 -.35 Tronoh 5.85 -.15 Beriuntal NST 7.30 5.30 -.15 -.10 Kramat Tin 5.70160 words
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Article, Illustration658 1978-03-14 1 PETER CHIA - PACT WITH U.S. GIVES IMPETUS By PETER CHIA THE TEXTILE Industry expects a substantial growth this year. Figures from the Department of Statistics on production for the fourth quarter last year support this optimistic outlook. In the last three months of the year, the658 words
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Article152 1978-03-14 1 WORLD trade is likely to increase slowly fn the first half of this year, the secretariat of the General Agreement on Tariffs and Trade (Gatt) said in Geneva yesterday. In a report on 1977 and on prospects for this year, it estimated that international trade in 1977 rose152 words
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Article620 1978-03-14 1 Agencies. WEST OERMANY and the United States today announced a major new cooperative effort alined at supporting the dollar which has been falling for months on the Increasingly anxious foreign exchange markets. The plan, announced simultaneously in Bonn and Washington, allows for billions ofAgencies. - 620 words
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Article126 1978-03-14 1 FRENCH shares rose by up to 20.5 per cent on the Paris stock exchange yesterday, and the session was prolonged. The average rise was 8.6 per cent and the 15 best shares rose bv 12.5 to 20.5 per cent, dealers said. Many shares were suspended for a126 words
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348 1978-03-14 1 AS INDICATED at the half-way mark, banking operations provided the ex* tra lift to froap result* at the Development Bank of Singapore last year. Group net profit for 1*77 rote by U.C per cent to 520.57 million of which banking profits accounted348 words
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575 1978-03-14 1 THE Kuala Lumpur Stock Exchange yesterday shrugged off the cautious mood of recent weeks and with Slme Darby in the lead staged a firm advance over a wide front on much Improved volume. The market was clearly cheered by the conclusive nature of575 words
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Page 1 Advertisements
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Advertisement41 1978-03-14 1 ■arTftrj CHANGI COMPLEX Shops Flats Ideal location •Modern Shops: Shops ideal tor all kinds of business •Luxunous Apartments: Elegantly designed f "«w«« t*a Boo*<ngt FAR EAST REALTY (PTE.) LTDt 96/96 Robinson Road. Swtgapor* 1. Tel *****33 IS lines) SEE THIS PAGE41 words
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Advertisement46 1978-03-14 1 CITROEN CX 2400 PALLAS has proved to be such a cartoucjh efficient elegant UJi ij HEnRV riig hgemies pie iro. BHUNc) AGENT RELIANCE U IST RIBU I O RS 144 R JALA\ CHfc V ALIE R BANDAR SEP I Be GAW A N BRUNEI TEL *****46 words
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Advertisement80 1978-03-14 1 SHIPPING TIMES FOBUM with John Tu 1 NEW feneration of US corporate performers 8 PACIFIC Development Credit BRITONS see resurgence of FORUM with John Tan 7 asssst-.?- ALARM over Soviet •hippinr PACIFIC Development Credit inroads *****7. 5 U INSIGHT into the auditor's ESTATE sale boosts Central role 6 Securities 1180 words
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Advertisement309 1978-03-14 1 IfcßX COMPLETE COWNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPOWTtf *****4 (5 Lines) APS ELECTRONICS (M) SON BHD KUXLA LUMPUR Tel 03-*****0 THESE ARE THE BOOKS THAT HITLER BURNED U -MPt It r sec. M THE GREAT BOOKS OF WESTERN CIVILIZATION 1 ">i'n .J These arc the book* that had to309 words
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Page 2 Advertisements
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Advertisement472 1978-03-14 2 Financial Highlights ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD extends a warm welcome to the HONOURABLE MINISTERS OF FINANCE and GOVERNORS OF CENTRAL BANKS of the Arab and Islamic countries on the occasion of the SECOND ANNUAL GENERAL MEETING of the ISLAMIC DEVELOPMENT BANK. As the first banking link between Malaysia and the472 words
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TRADE AND INDUSTRY
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614 1978-03-14 3 THROUGHOUT British Industry today, there is aj njuch greater willingness to export and a greater understanding of what exporting Involves. ipeaklng at a British Business Association and tbf British Association of Singapore luncheon yesterday, the Duke of Kent, now on a visit here,614 words
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Article156 1978-03-14 3 Reuter, AP THE Hongkong government has agreed to restrain exports of bed sheets, cSt»ton terry towels, wash cloths and sets to Canada. t Hongkong and Canada tove also initialled a Memorandum of understanding providing for restraints on certain textile products exported to the /-full details wouldReuter,; AP - 156 words
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Article134 1978-03-14 3 THE Ministry of National Development has warned farms In the Kranjl catchment area to cease pig rearing. The ministry said that pigs found In the gasetted area are liable to be impounded for slaughter and distribution to charitable organisations. it said that ample warning was given,134 words
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Article78 1978-03-14 3 THE Singapore Science Centre will screen a aeries of 13 science film shows for the school holidays from today till Friday. On Sunday at 3 p.m. there will be two shows titled: Molecular Magic and Darwin and the Insects of Brazil. Admission charges are $1.00 for78 words
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Article37 1978-03-14 3 THE Singapore Training and Development Association, (Stada), will organise two courses namely, Designing effective training (March 30 to April 1), and Organisation Development workshop (April 6 8) at the Singapore Hilton and the Hotel Equatorial respectively.37 words
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472 1978-03-14 3 AFP, Reuter. AUSTRALIAN Deputy Prime Minister, Douglas Anthony, arrives In Japan today on a nine-day unofficial visit for talks with government and Industrial leaders to discuss trade ties between the two countries. Officials at the Australian Embassy in Tokyo yesterday said Mr. Anthony, alsoAFP,; Reuter. - 472 words
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Article70 1978-03-14 3 Reuter. ABOUT tH participant* from 15 ewntriM arc expected to attend an international conference ob oocoa an d OOOOnut cultivation and industry in Kuala Lumpur beginning on Juno Meanwhile, the United Cooanut Association at the Philippine* (Ucap) reported a riae in coconut product* exports in theReuter. - 70 words
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Article271 1978-03-14 3 THERE 18 great potential In the visual sign business in the region as countries are becoming aware of the Importance of good viaual communications. More than 915 million is spent annually on signs In Singapore alone, according to the director of Movltex and Movlgraph, Mr. K. Mohlnanl.271 words
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OVERSEAS
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806 1978-03-14 3 NYT MEW YORK State, which Sis been moving slowly wards greater Investor acceptance, will test that gid this morning when it s US$5O million (Sslls lion) of bonds. •*As they moved close to the financing late last week, (Investment bankers *jM>eared eagerNYT - 806 words
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Article129 1978-03-14 3 t&E Philippines' largest ■aal estate company is g»ut to promote what it lis private sector ilalism in which small •nd poorer producers would Kicreaslngly control the $$ans of production. •-The chairman of the AyaB Corporation, Mr. Enrique Zobel, made the proposal last Saturday at129 words
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WORLD IN BRIEF
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Article436 1978-03-14 3 Agencies KINO KHALED of Saudi Arabia had talks over the weekend In Riyadh with three West African heads of state who are seeking financial backing for dam construction on the Senegal River. They are Presidents Moussa Traore of Mall, Mokhtar Ould Daddah of Mauritania and LeopoldAgencies - 436 words
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261 1978-03-14 3 Reuter. THE NET effect of the mark's appreciation on exports of West German goods and services may be smaller In the medium term than Is often assumed. The German Public Banks Association said In its annual report that costs and pricesReuter. - 261 words
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Article84 1978-03-14 3 AN INTERNATIONAL group headed by former West German Chancellor Willy Brandt urged the world's richer nations not to regard the economic growth of poorer countries as a threat. A communique issued at the end of a two-day meeting of the 17-member "Commission of Notables" on84 words
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411 1978-03-14 3 NYT. BULLISH businessmen In US are looking for a combination of Increased demand, tighter cost controls and lower taxes to increase pre-tax profits this year by 11 per cent to a record U*****.5 billion (8*412.8 billion), according to a survey by the McGraw-HillNYT. - 411 words
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Article356 1978-03-14 3 AP. US coal miners stayed away from their jobs yesterday morning despite a TaftHartley court order directing members of the United Mine Workers to return to work and end their three-month-old strike. Police In most coalfield areas reported everything quiet. "We kind of expected whatAP. - 356 words
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Article160 1978-03-14 3 Reuter. THE World Bank said over the weekend that the developing world would have no forest left in 60 years, if present trends are not reversed. To help combat the threat, the bank planned to increase its project financing by US$5OO million (Stf.ls billion) over the nextReuter. - 160 words
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Page 3 Advertisements
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Advertisement262 1978-03-14 3 MSI COAST H Natt to Kalong Smmm Psiact/Uppsr Em Coast toad Located on elevated land in Katong Luxurious split-level houses facing the sea *With individual front and rear gardens EAST COAST HILL stands on a 20-acre site off Upper East Coast Road which Is about 185 feet above saa-ievel... affording262 words
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Page 3 Miscellaneous
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Miscellaneous580 1978-03-14 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Oame in the balance? (5) Animal with clothes on (5) Moanera, maybe, rowing between themselves (7) If Lane taking half an hour to dry out (5) 11 Country with 1U own penal system (5) 12 Lady Caroline's youngsters? (5) 13 One taking Murphy's Jacket580 words
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RAW MATERIALS
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Article267 1978-03-14 4 THE Singapore market yesterday closed slightly higher with April One RSS buyers quoted at 205.75 cents per kilo, up one cent from last Friday's close. The afternoon session was quiet but steadied slightly after the close on higher London advices, dealers said. Prices advanced during267 words
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Article293 1978-03-14 4 Prices In centa per kilo yesterday: Noon (per kilo) Close (perklk* Int. 1 R.S.S. prompt f.o.b. 204.75 Int. 1 R.S.S. April 205.75 Int. 1 R.S.S. May 206.25 Int. 2 R.S.S. 200 50 UK/COnt. 199 50 Int. 3 R.S.S. 197.50 UK/Cont. 196.50 Int. 4 R.8.S. 194 JO UK/Cont 193293 words
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Article89 1978-03-14 4 NOON SSR prices yesterday: RAS AprU (Current Mth) Buyer* Seller* (cent* per kg) May (Forward Mth) Buyer* Seller* (oMtaperkf) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 195.00 193 00 196.00N 195.00N 198.00 194.00 197.00N 198.00N MRELB SMR5CV SMRSL SMR 5 SMR 10 SMR 20 SMR SO89 words
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Article30 1978-03-14 4 Rubber: March IS: Singapore: April 206.75 eenta (up I.o* cent*) Malaysia: April 206.50 centa (up 0.50 eenta) Tin: 11,587 Kiowa IIS) Official offering: Ml tonnee (up 81 tonnee)30 words
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Article67 1978-03-14 4 LEAD in London yesterday closed the morning with gains of £4.25 for cash and £4 for Three Months. The advance in copper encouraged covering, fresh buying and chart support on the pre market with Three Months gaining up to £315. But fairly heavy profittaking and liquidation partly reversed the67 words
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Article50 1978-03-14 4 ZINC showed In London yesterday modest endmorning gains of £0.50 per tonne all round. Impetus on the pre market stemmed from the rise In copper. Three Months reached £266 briefly but drifted back during ring dealings under profit-taking to finish the kerb trading at £260.50. Sales were 2,250 tonnes.50 words
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Article164 1978-03-14 4 THE Straits tin price In Penang yesterday fell a further Msl3 per plcul to IhCSI ,587* Operators were cautious about continued discussion of bills to release some U8 stockpile tin. Increased tin supplies from miners, accumulated ov ef the week-end was thetaff fECtOr taflue nclng Turnover rose to164 words
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Article169 1978-03-14 4 rice prices were as follows yesterday: U8 dollars per tonne fob basis Bangkok: White Rice: 100 pet lit claw 122. 100 Rt 2nd claw 407, 100 pet 3rd etas* 402. >ct 303. 10 pet 380, 13 pet 379. SO pet 370, 25 pet 362 35 pet unq. Broken: A-l169 words
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Article265 1978-03-14 4 PEPPER prices fell by $2.50 per plcul in a quiet and slightly easier Singapore produce market yesterday. Dealers reduced their prices in an ttattempt to meet the lower bids from the major consuming countries like the US and West European countries. The top gradee, Muntok Asta white, was265 words
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Article216 1978-03-14 4 THE kllobar In Singapore opened at 8114,062 and closed lower at $13,926 off $184.00 from Saturday's closing. In London, the metal opened at U*****.60/90, off $1.00 from previous closing and continued to ease to a low of $185.10/40 due to the strengthening dollar. However, the market recovered slightly near216 words
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Article108 1978-03-14 4 COPPER wire bars in London yesterday ended the morning with gains of £2.50 for cash and £3 for Three Months. Values forged ahead on the pre-market under short-covering and some fresh buying prompted by weakness In sterling against the US dollar, dealers said. The higher levels were not maintained,108 words
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Article76 1978-03-14 4 SILVER in London yesterday ended morning trading with gains of 3.4 to 3.8 pence per troy ounce. Values were marked upon the Initial pre market, reflecting higher New York prices on Friday coupled with weaker sterling against the US dollar. But following the lower gold fix, the market attracted76 words
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Article180 1978-03-14 4 ROBUSTA futures opened In London yesterday £44 to £29 up while arablcas gained $4 to $6.50 per 50 kilos. Sales were 374 lots and nil respectively. Both contracts recorded substantial gains Initially following news from the mild coffee producers' meeting in San Salvador that Latin American countries will suspend180 words
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Article160 1978-03-14 4 SUGAR futures in London yesterday opened £6.75 to £3.90 down from Friday afternoon closing levels. Turnover totalled 1,130 lots. Dealers said values opened weak on a continuation of Friday's kerb sell off. Near May traded down to £98.25 before meeting short-covering resistance. Other positions also traded at new contract160 words
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Article259 1978-03-14 4 TERMINAL cocoa in London yesterday advanced Into new 1978 high ground during the morning. The market touched £40 limit up level at the first call In near May at £1,873 per tonne before falling back on trade selling, possibly hedging against weekend West African origin sales, dealers said. Prices259 words
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Article173 1978-03-14 4 THE sugar market closed 1780.33 to 0.47 cents easier In moderately active trading, with 20 lots traded against eight on Friday. Prices were lower on commission houses selling following the weak opening tone in London sugar futures, dealers said. Trade houses short-co-vering at the lows stemmed the decline,173 words
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Article177 1978-03-14 4 IAP N 523 cotton In Hongkong dollar*, not ex-godown: Cettea Vara: China Blue PhoeSrX.^S.V 1000 1150 China Butterfly and Olote Brand unq, Dragon Head una five Lambe unq. Mower and Butterfly unq, Plying Qeeae unq (ner place 36 inches tn 40 yarda^ PaUetaa law Cettea: LBB 3.6 ft177 words
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Article115 1978-03-14 4 CONDITION of winter .wheat In China In most areas is generally good, with enhanced prospects because of widespread snow and rain in early February, the U8 Agriculture department reported In Washington. *t said rainfall In Australia so far in February has been patchy, permitting little' or no115 words
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Article1024 1978-03-14 4 THE U8 switch Into soybeans from corn and cotton is likely to be greater than indicated by the US Agriculture Department (Uida), Illinois Farm Bureau chief Harold Steele said. In January the Usda indicated prospective soybean planting! up 6.8 per cent and corn off 4.11,024 words
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MONEY AND EXCHANGE$
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Article547 1978-03-14 4 THE forex market yesterday saw considerable uncertainty, pending an exKted announcement on i the US and West German governments intend to stabilise the dollar. The result was wide fluctuations. The US dollar strengthened over a 100 points against the hard currencies in the morning but lost most of547 words
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Article3882 1978-03-14 4 Asian rates 1 ASIAN currency depoal rate* u at cloae on Mai interbank 13 US Nlai Ottm n <■*•() BM 7 days 1 mth 2 mth* 3 mth a 6 mth* 0 mthi 12 mth* .6 15/16 71/B 71/4 73/* 711/16 7 13/16 7 13/16 Sv.Fh. (MMA* 613/16 7 71/13,882 words
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Article45 1978-03-14 4 RANGE of price* offered by discount houje* on Mar 13: Oernifht 3 1/4* Call depoalt 3 1/4% CWetM Ihortac MUm 3-Month Treasury Mils 3V14 3t/16 3-Month Bank MU 47/t 4V4 3-Month CD 3 47/1 0-Month CD 5 7/16 53/14 Source: National Discount Co Ltd.45 words
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Article115 1978-03-14 4 Euro rates LONDON Eurodollar deposits yesterday were basically steady to slightly firmer In moderate trading dealers said. Periods Inclined firmer with One Month adjusted 1/4 point lover after Friday's technical mark up. Six Months was adjusted 1/16 higher on Friday end-of-period. Shortdates held steady to slightly firmer with taking Interest115 words
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Article44 1978-03-14 4 nuunCFUKT nehUM opnlm <px*m on Mar 1* os S.osm/W cm IJM/M Sterttoe S.M4/M4 D n »17S/N.«O 8 rr 104 70/104 00 Lit 2 40V41S I r rr a.«4i N Kr M SO/40 B rr i con 4.41/44 B ft (fin) 4.41/41 Ten •.MB/4144 words
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Article265 1978-03-14 4 YESTERDAY'S dollar strengthened 'sharply against the mark ahead of the announcement of bilateral action by the US and Germany to stabilise the US currency. The mark weakened to 2.0780/0830 against the doHar after its early rate of 2.0770/0600 and was well below Its Friday close here of 2.0640/80. Trading265 words
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Article87 1978-03-14 4 MONDAY'S U8 dollar for overnlght delivery closed sharply higher at 236.00 yen compared with a 235.50 opening and 234.75 at FYIday's close. Trading was active with volume *433 million. No central bank lnterventlon was detected. Dollars for Immediate delivery closed at 235.75, compared with 235.00 at the opening and87 words
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Article174 1978-03-14 4 THE US dollar closed sharply above Its New York level on Friday with short-term speculative buying of the US unit sparked by news the US and Qermany will announce concrete action to support the dollar. Profit-taking at the higher levels saw the dollar slip to 2.0800/30 marks after touching174 words
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Article66 1978-03-14 4 V y RAGE gy rate of beaks is Singapore Mudt J? running between «H per cent ud 7W per eent. CKw^e-Chl^ Baking Corporation Is at the fewe* tke rsaee while a number of beaks, including Qtlbanh nndDevebmoent Bank of grouped at tbe top end. m r mm-66 words
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Article241 1978-03-14 4 C i i Hi Mm Aahland 5 96 Bibcock 7® BMChftK Cherronsaa CtamlcrSM East Kodak 4H09 PordSH vci9%n rtT4*r IfltaulOorpM 91 MlUOaj Cbm n MiUul Real Eat 6 02 RCASH R«vtan4*f7 Ricoh 9* 91 BU Oltm rroo woo 96 00 96 00 93.00 94.00 ***** 1S.00 69.90 TO 50241 words
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Page 4 Advertisements
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Advertisement275 1978-03-14 4 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more275 words
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TRANSPORT
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333 1978-03-14 5 Reuter. EEC countries should act together against Soviet shipping which threatens Western shipping and security, an EEC commissioner Richard Burke, said. The Soviet Union's merchant shipping fleet has been expanding since the early 1970s and Is now the sixth largest In theReuter. - 333 words
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968 1978-03-14 5 TERESA LIM - OWNERS URGE RATIFICATION By TERESA LIM THE JAPANESE Shipowners' Association and the German Shipowners' Association (Verbandd Deutscher Reeder) want steps taken to curtail the Inroads being made Into the trade by the growing Soviet merchant fleet. They agreed on this at a meeting early968 words
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Article, Illustration827 1978-03-14 5 FT MUCH of the free world's merchant navy is in danger of being sunk without trace by the Eastern bloc and without a shot being fired. In recent years the Soviet Union and its satellites have embarked on a huge expansion of theirFT - 827 words
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Article438 1978-03-14 5 BRITISH Shipbuilders appears at last to have found a candidate for the post of Industrial relations director acceptable to Its trade unions. It Is expected that Mr. Richard Whalley, managing director of the Sheffield division of Bulzer, the marine-engine builder, will be named for the438 words
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Article650 1978-03-14 5 ARRIVALS Service Local Operator Number Time From CAL CI 331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL PAA PA005 0215 SFO/HKG 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 CAL CI650 words
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176 1978-03-14 5 FT. NEORION Shipyard, the repair yard on the Aegean island of Syro* controlled by the NJ. Goulandris Group, Is cloolng down becaneo of flneanial dtfWcnlrtao. The derision was tikes at a recent general assembly of •hare holder*. Given the pmsl state sf the world economyFT. - 176 words
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Article105 1978-03-14 5 Reuter THE Thai government has approved In principle the construction of two new deep-sea ports In southern Thailand apart from the' one at Laetn Chabang about 200 km south-east of Bangkok. Deputy Communications Minister Sanong Nlsalak said, the ports of Puket and Songkhla, when completedReuter - 105 words
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Article, Illustration347 1978-03-14 5 EXPECTED SAILINGS TODAY KEPPEL WHARVES Htan Tan Ywa (2300 tbc) 25/26 Novlkov Prlboy (0600 tbc) 10/11 Ocean Supply (B. Barge) (2459) 48 Perak (1500) 21 West State Of Madhya Pradesh (2300) 44 Theekar (0600 tbc must sail not later than 1500 33/34 Three Star (0530 tbc) 18347 words
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739 1978-03-14 5 Reuter AMERICAN tourists bemoaning the fall of the dollar can console themselves with the thought that non-charter flights to Europe have never been cheaper even though they have less to spend once they get there. Depending on the outcome of theReuter - 739 words
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Article117 1978-03-14 5 AFP AIR LAOS will Increase Its flight between Bangkok and Vlentalne to two a week beginning from April 3, as agreed on at a February aviation conference In Vientiane. Thai Airways and Air Laos, each of which currently serve the route once a week, will alternate everyAFP - 117 words
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Page 5 Advertisements
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Advertisement14 1978-03-14 5 r The wide-cabin airline TEL *****41 BUDGET FARES AND SUPER SAVER FARES TO U.S.A.14 words
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Advertisement45 1978-03-14 5 w 0 //> m 0 t i need: LIST OF FAIRS AND EXHIBITIONS IN ITALY I BETTER KNOWLEDGE OF ITALIAN PRODUCTS I FREE ENQUIRIES THROUGH I.C.E. COMPUTERISED SYSTEM I EXPORT-IMPORT OPPORTUNITIES. SINGAPORE ITALY Please contact: ITALIAN TRADE OFFICE I.C.E. 37A GOLDHILL PLAZA. SINGAPORE 11. TEL: *****2.45 words
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Article470 1978-03-14 6 TEN YEARS ago, textile manufacturing was the most Important industry in Singapore. More than any other It provided work for the thousands of school-leavers then flooding the labour market. Just as importantly, textile exports in those not-so-dls-tant days earned a tidy sum of foreign470 words
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Article265 1978-03-14 6 SOVIET shipping has long been a thorny issue, with more of an ideological tinge than is really necessary. Western lines like to call the Soviet merchant marine uncommercial, Implying that subsidies from the Soviet government are somehow unethical. The Soviets, oh the other hand, point265 words
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Article, Illustration1835 1978-03-14 6 N. SUBRAMANIAM - By N. SUBRAMANIAM Mr. Subramaniam works with tfre accounting firm, Turquand Youngs and Co.. This article was first published in the latest edition of the quarterly magazine "New Directions. I THE FINANCIAL PRESS in the United Kingdom and the United States has1,835 words
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851 1978-03-14 6 MIKE MACLACHLAN - »y MIKE MACLACHLAN WHEN I was a young, up-and-comlng executive (before I became an old, down-and-golng executive), I was sent on a course in business communications. The object was to tell us how to cut the cackle, how to get right to the point. Cut851 words
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Page 6 Advertisements
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Advertisement500 1978-03-14 6 mi mm CT233 i 4 mm I 1 1 1 406/407 Havolock Road, S'pore 3. Tel: 4SMI lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Phllllpines), Miss Tang Ley Sonny Bala The New Moonglows, Anna Mina (from500 words
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Advertisement96 1978-03-14 6 9NGAPORE HLPON Ml Orchard Road, B'porc T«l: *****3 The itrihjtt Show The world famous Philippines Dance Company presents a Luncheon Fashion show of creations by Oskar Peralta, Bobby Novenario, Tente Wllwayco and an evening cultural show highlighting the traditional dances of the Philippines. March 16 19 Luncheon Fashion Buffet Fashion96 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-03-14 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. REPORT for 24 hours prior to 7.30 pm on March IS the airport. Maximum Temperature 31.4° C Associated Humidity 66 Minimum Temperature 24.6° C Associated Humidity 97 Hours of Sunshine 5.30 Rainfall in Millimetres64 words
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Miscellaneous255 1978-03-14 6 radio SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.2sDiary Of Events (English) 3.30 Afternoon Matinee The Visit (Pt. 2) Starring: Ingrid Bergman, Anthony Quinn, Irina Demick, Paola Stoppa 4.lsScience Report 0 4.3olntermission 6.osOpening announcements followed by The Road Runner Show" 6.30 News in Brief 0 6.35255 words
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Article, Illustration1380 1978-03-14 7 A. KADIR JASIN - Singapore often feels sorry for itself when reflecting that it has made little headway in the rich West Asia market; one of the excuses that crops up occasionally is the idea "that the West Asians are —more likely to turn to Muslim brothers1,380 words
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Article, Illustration518 1978-03-14 7 EVANGELIST Daniel Aaron Rogers of Reeds Spring, Missouri, USA, Is a very determined man. Since his mother, dead for a month but preserved In a freezer, has not responded to his prayers for her resurrection, as he had expected and predicted, he win continue his efforts518 words
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Article934 1978-03-14 7 JOHN TAN - FORUM I f 1 ...on economics b 4 ■y JOHN TAN KNOWLEDGE is power, many people would say, but to the businessman, knowledge also means the difference between making a wise and a blind decision. This Is a point best appreciated by successful businessmen who934 words
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Page 7 Advertisements
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Advertisement297 1978-03-14 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL ri 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 GRAND297 words
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Advertisement18 1978-03-14 7 COC\A >N g R*ND vsop CAMUS Distinctively French. Instinctively Superior. Another quality product from 1 'U m V18 words
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Page 7 Miscellaneous
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Miscellaneous33 1978-03-14 7 Bn&toW :Fraok Dictens JONes THINK DimiciN \s Polling oufc LEG uhth "M'S VAOUhl£ Business Do 100 etnevAe-wwT is R GPoiG OF CifcRKS u*C RcP>m Ty<. STR6&.TS IN T*-t£lß LUNCH WOOR IOOKJHG R* T«oo6te°33 words
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INTERNATIONAL STOCKS MARKETS
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Article653 1978-03-14 8 Tokyo Source: DBS-Daiwa DUE to Investors' expectation of a further rise In prices backed by the easing monetary situation, the Dow Jones average recorded Its high of the year yesterday. Large capital heavy "fclectrlcals edged up with substantial volume. The market opened bullish, centring on large-capitalSource: DBS-Daiwa - 653 words
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Article398 1978-03-14 8 Source: Sun Hung Kai Securities ANOTHER erratic day's trading yesterday saw the market •'marginally lower In the morning and slightly higher by the close. Turnover was again sluggish with only selected blue chips .attracting attention. HK Wharf continued to strengthen, closing at HKSIS.OO and some determined buying saw HutchisonSource: Sun Hung Kai Securities - 398 words
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Article345 1978-03-14 8 PRICES generally held or improved on their rises last week, with BHP rising four cents to A 55.50 and the Wales steady at $5.10 yesterday, dealers said. However, sugar stocks eased, reflecting the fall in the London sugar price, with CSR down five cents to $2.69. Brokers also are345 words
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Article168 1978-03-14 8 THE market closed mixed yesterday with commercials posting slight gains while oils and minings declined. Turnover fell sharply to 1.78 million pesos from Friday's 12.43 million. San Miguel rose one point while other commercial Issues either were steady or had small gains. Atlas and Philex lost three and one168 words
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Article146 1978-03-14 8 MAR 11 Bah Is Asia Fibre 272 -3 Bangkok Bank 393 -2 Bangkok Invest 390 +6 Bangkok-Metro-politan Bank Bata Berll Jucker 506 -I CarpetIntnl 412 -S C'haroong Thai Wire 442 ♦6 Dumex .1 DusltThanl 363 -J Faber Merlin First Trust 616 436 Genera Finance Indo-Thal Industrial Finance Corp J146 words
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Article32 1978-03-14 8 H.K. HANG SENG Monday 421.42 Friday 420.91 Week Ago 420 88 SYDNEY INDUSTRIALS Monday 394.20 Friday 393.83 Week Ago 389 70 ALL ORDINARIES Monday 446.95 Friday 447.83 Week Ago 442.8132 words
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68 1978-03-14 8 THE Republic of Bolivia and a group of international banks led by Citicorp International group signed a US$l55 million seven-year loan agreement, Citicorp said. The rate is ltt per cent over London Interbank rate for the first three years and IS per cent68 words
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Article52 1978-03-14 8 THE Soclete Natlonale des Chemlns de fer Francals (SNCF), a French national railway company, will float US$BO million (Ss2oo million) worth of yendenominated bonds for listing on the Tokyo Stock Exchange, its Japanese underwriter said Thursday. This marks SNCF's first public bond issue on the Japanese52 words
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Article34 1978-03-14 8 THE 70 million mark Tauernautobahn Eurobond was priced at par with a coupon of 5Vi per cent, down from the per cent originally expected, a spokesman for lead manager Westdeutsche Landsbank Girozentrale said.34 words
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1486 1978-03-14 8 NYT WHERE have they gone, those mighty performers of five years ago, those glamour Issues that epitomised the notion of a growth stock? Nowhere, Is where they have gone. Only last week, International Business Machines the doyen of them all, sank to Its lowest priceNYT - 1,486 words
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360 1978-03-14 8 Reuter FORD MOTOR said It faces total spending requirements of about USIIS billion to $20 billion in the 1978 through 1985 model years to develop North American vehicles to meet "Increasingly stringent" government standards. Ford said It spent |1.8 billion for facilities andReuter - 360 words
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Article823 1978-03-14 8 NYT THE EXECUTIVE vicepresident of Yamaichl international (America), a major Japanese brokerage firm here, is a man who likes his statistics neat. Ask him how the Japanese Dow Jones average is going and he says "Amazingly strong. One second, please." Then, reading down theNYT - 823 words
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550 1978-03-14 8 NYT. DISTRUBT of management motives may be the driving force behind stockholders' questions at this year's annual meetings. Touche Ross and Co of New York held a press briefing recently to air what It believes will be this year's fashions In stockholders' questions. It believes thereNYT. - 550 words
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Page 8 Advertisements
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Advertisement213 1978-03-14 8 DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! ce VI A well-read person is a well informed person. That's why he can always talk about any current event or join in on any conversation amongst friends, colleagues or at social functions amongst acquaintances. That's why very often you find213 words
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INTERNATIONAL COMPANY NEWS
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220 1978-03-14 9 ASIAN COMPANIES TWO listed Australian subsidiaries of Cominco Ltd Abmlnco NL and Aberfoyle Ltd announced they will merge and acquire Comln- co's other Australian Interests as part of a reorganisation. n They propose that Aber'foyle will acquire Abmlnco oy the issue of two220 words
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Article205 1978-03-14 9 Reuter TOKYO: Foreign Investors are showing growing Interest In yen-denominated bonds issued to foreigners on the Japanese capital market following the recent sharp yen appreciation. Finance Ministry officials said the ministry allows Japanese underwriters to sen only 25 per cent of a yen-denominated bond of thisReuter - 205 words
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Article215 1978-03-14 9 Reuter. THOMAS Nationwide Transport of Sydney revealed an unaudited consolidated operating profit of A 57.48 million (5520.2 million) compared with $9.19 million previously, for the half year ended December 31. Revenue stood at' 5257.96 million ($230.17 million). Profit is after tax of $6.76 million ($6.17 million),Reuter. - 215 words
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Article121 1978-03-14 9 A STRIKE has halted Iron 1 ore mining at Goldsworthy I Mining Ltd's Shay Gap and I Goldsworthy Mines in Perth and stopped ore shipments from its Flnucane Island j port for over a week. Mining stopped in late February when the mine- i workers struck after121 words
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307 1978-03-14 9 NORTH AMERICAN COMPANIES Reuter. CHASE Manhattan Corp's foreign operations accounted for 65 per cent of total income before .Securities transactions last Q ._.year, down from 78 per cent in 1976. > v Income from international operations declined „to US$BO million (Ss2oo million) from $62Reuter. - 307 words
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150 1978-03-14 9 Reuter. PENTHOUSE Interna"tlonal of New York an-->nounced plans to build two vaslno-hotel complexes In Atlantic City, New Jersey. The company, which publishes Penthouse, Viva and Forum magazines, said it has acquired a 99-year lease for a 392-room Holiday Inn and agreed to buy the 122-room FourReuter. - 150 words
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Article39 1978-03-14 9 "CONTROL Data Corp said directors raised the annual dividend to US2S cents from .15 cents a share, payable -April 17, on record March 21. The company said It paid its initial annual dividend of 15 cents in 1977.39 words
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Article105 1978-03-14 9 Reuter MITSUI and Co, President Yoshlzo Ikeda, leader of a two-week Japanese Import promotion mission to the US, said Its food group has begun "intensive negotiations" with over 40 US companies. He said no contracts have yet been signed but representatives from Japanese departmentReuter - 105 words
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Article99 1978-03-14 9 Reuter. SONY Corp said It developed a small and light colour video camera for business and home use, utilising an ultra-large scale charge coupled device, a new type of seml-conduc-tor. The new device reduces the camera's weight and size to about half that ofReuter. - 99 words
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Article62 1978-03-14 9 Reuter. SYDNEY: Waltons Ltd attributed the decline in after tax profit to A 53.57 million from $5.36 million in the half year ended January to depressed retail trading condition, lower profitability of its insurance unit and the high cost of funding customers' instalment accounts. But sales in theReuter. - 62 words
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716 1978-03-14 9 EUROPEAN COMPANIES Reuter. ROYAL Dutch/Shell Group revealed net Income of £1.34 billion (SS6 billion) for last year compared with £1.23 billion previously. Sales stood at £28.48 billion (£24.9 billion). Earnings per share was 92.06p (82.54p) of Shell Transport and Trading Earnings per shareReuter. - 716 words
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Article100 1978-03-14 9 Reuter. THE government broker has supplied the UK Exchequer with 8V« per cent 1983 shortdated tap stock at a price of £96 9/16. Bond market dealers said the market is only moderately active and doubt whether large amounts are being supplied. The long dated tap stock,Reuter. - 100 words
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Article112 1978-03-14 9 GENERAL Motors Corp said it will reorganise Its overseas operations from April 1. to improve management coordination between North American and overseas operations and to improve efficiency. It said vice-president Alexander Cunningham was named group executive in charge of overseas operations. Five new General Motors vice-presidents112 words
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Article31 1978-03-14 9 THE US Navy selected Raytheon Co over General Dynamics Corp for the engineering developments of an advanced version of the Sparrow air-to-air missile having a potential worth of US$2.3 billion.31 words
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Article560 1978-03-14 9 Reuter. TAGAMET, a drug to treat peptic ulcers is being viewed by many pharmaceutical analysts in Wall Street as one of the major breakthroughs In medicine in recent years. Introduced in the US by Smithkllne Corp. last August, the rewards for the Philadelphia-based pharmaceutical firmReuter. - 560 words
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Article265 1978-03-14 9 UNLIKE 1977, when stocks of many US electric utility companies registered strong advances despite sharp declines In most Industrial Issues, their performance this year has not been quite as strong. In fact, eight of the most active issues on the New York Stock Exchange, all down from Friday's265 words
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Article156 1978-03-14 9 Reuter. CREDIT Suisse said It offered to acquire all the outstanding shares of Bank Neumuenster, Zurich, on the basis of an exchange of one Credit Suisse 500 franc bearer share for every three 500 franc Neumuenster shares. The Credit Suisse shares offered are eligible forReuter. - 156 words
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Article31 1978-03-14 9 THOMSON-CSF SA of France said it received an order worth 300 million francs from National Iranian Radio and Television to supply equipment for a short-wave radio station In Teheran.31 words
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Article97 1978-03-14 9 COMMERCIAL banks' refinancing operations at the Bank of France stood at an average of 61.4 billion francs (5567.5 billion) last year, up nine billion from the average 1976 level, the bank said in its annual report. This nine billion francs was largely the result of97 words
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419 1978-03-14 9 Reuter. MIDLAND Bank Ltd revealed pretax profit of £192.83 million (£186.4 million) for 1977. Earnings per share stood at 64.3 p (55.8 p) basic, and 58.8 p (51.3 p) fully diluted. Dividend was 1.75 p making 14.75 p (£llB2 p). Trading profit stoodReuter. - 419 words
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Article168 1978-03-14 9 Reuter. ZAMBIA'S two mining comKinles Roan Consolidated lnes (RCM) and Nchanga Consolidated Copper Mines (NCCM) have been Instructed to work out plans for implementing a 15 per cent cutback in copper production, a communique issued in Lusaka by the Zamblan Minister of Mines O.K. Chlnkull said. The LusakaReuter. - 168 words
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Page 9 Advertisements
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Advertisement290 1978-03-14 9 I I BUSINESS TIMES: Special Feature on Travel "A Businessman's Holiday With a difference" K April, the time of year when people are either travelling I or planning their annual holidays. Because they are frequent travellers, businessmen nJT are becoming increasingly selective when it comes to choosing a destination. To290 words
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DEALS DONE ON THE SES AND KLSE
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Article1537 1978-03-14 10 m BID and offer prices officially 4 listed and business In and reported to the Stock Exchange of Singapore yester- day with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All < TUne Settlement Contracts are quoted after the world1,537 words
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Article121 1978-03-14 10 4 3/4* 1/5/79 (250,000) (100.808 100.958) 5 1/4* 15/10/79 (250,000) (101.308 101.458) 5 3/4* 1/6/78-80 250,000) (101.15B) 4 3/4* 15/9/80 (250,000) (99.808 100.008) 5* T F 15/4/81 (250,000) (101.80B) 5* T F 15/10/81 (250,000) (101.70B) 5* T F 1/5/83 (250.000) (100.158 100.255) 5 3/4* T F 15/6/81-84 250.000)121 words
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Article226 1978-03-14 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the* number of options traded shown In brackets. Pan Electric (June $1.55) (0.278). Sime Darby (March 33.40X0.268) (1)0.26. Closing Tone: Finance firm while226 words
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Article1531 1978-03-14 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number ci shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INOUgTRIAU Asms (X.BOB) U) 1.«2. A internets (2.308 2.438). Aieem (2.758 2.768)1,531 words
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Article150 1978-03-14 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMutiert' pric* brMu 14) (Currant pi ■ioaa) The Commerce... 1 82 1.93 INCOME BOND 1.10 1.17 The Saving Fund 102 1.08xd S pore Prog Fund 0.87 0.92 MARA BUMIPUTRA FUND S pore Security (Maaagan' prion far Mar 14 Fund 1.09 1.7V First150 words
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Article2433 1978-03-14 10 1*77/1»78 High bom Company Last Sale ■feeGr's Gr's Net Dfe Dhr Yld P/E Cff Vel Day (*696) High Lew SECTION ONE INDUSTRIALS 185 268 124 262 88 234 180 201 422 148 132 Acma 165 AJ com 58 Allied Choc 212 Bata 57* Ben 155 Bouste&d 1442,433 words
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Article75 1978-03-14 10 January 1978 FFB OIL KERNEL Tons Tens Tom Austral Enterprise Ayer Molek Rubber Bente Plantations 3,746 H.l> 150.00 Bukit Katil Rubber CastleAeld 73.23 14.04 Consolidated Plantations 30,720 6,144 1,229 Dunlop Estates Golden Hope 2,293.63 495.63 GuthrieRopei Inch Kenneth KaJang 18.89 3.54 Kempas (M) Kuala 3,556 711.00 142.0075 words
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Article15 1978-03-14 10 Copra Coco* Tom Ton* Golden Hope 419.19 119.75 Petaling 3.3015 words
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Page 10 Advertisements
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Advertisement109 1978-03-14 10 The Love of ookmg f\ *Z'a S < l\ V sf: m > jut "V i >s< ■v Vi,< irf i i c 22 n XX MUM eoupe to deeierte, giving Mm oook a wider rant* of recipes to try, onco tho beeleo hove boon 'i Kenneth Lo regions of109 words
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Article, Illustration761 1978-03-14 11 SINGAPORE THE Malaysian National Front's election victory in Kelantan encouraged investors to take a more peaitive view of the market yesterday. Moderate to good gains were recorded all round in a steady to firm Stock Exchange of Singapore. Finance shares were especially bullish with gains ranging761 words
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Article533 1978-03-14 11 ENTHUSIASTIC buying during the early session of trading gave the Kuala Lumpur stock market a very steady tone yesterday. The fast trading tempo evident in the morning, however, slackened In the afternoon. Light profit-taking in view of the strong gains posted last Friday and yesterday morning533 words
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LATEST RESULTS
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Article50 1978-03-14 11 Group pre-tax profit $3.82 million ($3.56 million) for the year ended Sept 30, 1977. Net attributable loss $12,617 (profit $1.40 million) after tax $1.52 million ($1.12 million), extraordinary loss $2.03 million ($726,722) and minority share In losses of subsidiary $617,476 (profit $318,355). Dividend 7*4 per cent (same.)50 words
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Article37 1978-03-14 11 Group pre-tax earnings $1.09 million ($469,451) for the year ended Sept 30, 1977. Tax 557,443 ($1,040) extraordinary losses $3 16 million ($70,089) leaving net osses at $2.62 million (profit $398,322)." Dividends five per cent (same.)37 words
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Article36 1978-03-14 11 Pre-tax OA profit $1.56 million ($1.26 million) for the 12 months ended Sept 30. 1977. Tax $602,000 ($526,000), extraordinary loss nil (gains $45,558) leaving net profit at $954,351 ($778,922). Dividend five per cent (nil).36 words
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COMPANY NEWS
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Article804 1978-03-14 11 ARTHUR NG - By ARTHUR NG HIGH interest charges continued to take their toll on the profitability of Pacific Development Credit, resulting In the company reporting another year of operating losses. Oroup net operating losses Incurred for the 12 months ended Sept 30, 1977 came to804 words
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576 1978-03-14 11 FIRST half profits at Central Securities (Holdings) have apparently been boosted substantially from capital gains derived from the sale of its palm oil estates and mill last September. Unaudited group net profits for the first six months ended last November galloped to M 54.6576 words
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731 1978-03-14 11 OOPENO Consolidated, one of the last few remaining UK based tin and rubber companies here, has cleared the way for the development and mining of a 220hectare piece of new tin bearing ground In Perak In partnership with Bumlputra company Syarlkat Permodalan dan Perusahaan731 words
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Article400 1978-03-14 11 Currant paymeat Ex Data Date payable Total far the year Total far inflow waap Perils Plantations Wilkinson Taiplnf Consolidated Bents Austral* Amal. Min. Securities Msia. S.P. Textile Utd. Asbestos Cement Robinson K.L. Kepooc Berjaya Kawat Home (M) Bsrktd 8el. Coconut Malayan Tin Kuala Sidim Rub. Troaoh Mines Ayer400 words
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Article, Illustration629 1978-03-14 11 THE burdens of higher expenses and reserve requirements arising from the acquisition of new life business have continued to exert a toll on Malaysia American Assurance. For the year ended Dec 31 1977, the company's operating losses deepened to MSI 11.398 against a loss629 words
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Page 11 Advertisements
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Advertisement109 1978-03-14 11 WHAT... is going on behind the posh facades of the mighty merchant banks 9 is wrong with the communication set-up in your company 9 is causing airlines to adopt a "'Change in Altitude" 9 is needed for the continued prosperity of the oil industry in the region 9 is Asean109 words
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439 1978-03-14 12 AP, UPI. THERE Is no way to prevent the yen from rising to 220 or perhaps even 210 to the US dollar this year, and there Is no possibility of Japan Increasing Its Imports for the next two or three years, a JapaneseAP,; UPI. - 439 words
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344 1978-03-14 12 UPI THE tumbling US dollar may prod moderate Saudi Arabia prime architect of the current 011-prlce freeze to back a mid-year price increase, an oil weekly in Beirut said yesterday. But the report In the Middle East Economic Survey (Mees) said the SaudisUPI - 344 words
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330 1978-03-14 12 Reuter. SOUTH KOREA plans shortly to make a complete overhaul of its system of designated foreign'currencies for authorised transactions. Assistant Finance Minister Chung In Yong said It is premature to give details of likely changes, but basically the government would like to abolishReuter. - 330 words
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Article58 1978-03-14 12 BBC BROWN Boverl (Singapore), which manufactures low-voltage swltchgear, has achieved a total turnover of $37 million from Its start-up in January 1975 to the end of last year. The company, set up in 1974 exports 90 per cent of Its products. It recently won a $7 million58 words
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Article800 1978-03-14 12 LONDON, Mon. Prices today closed quietly firmer as last week's rally was extended, with sentiment boosted by moves to stabilise currency markets and support the dollar, dealers said. Some shortdated government stocks were slightly easier but mediums and longs held quietly steady ahead of tomorrow's British trade figures.800 words
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557 1978-03-14 12 NYT AFTER some indecision caused by heat generated in the Bonn Washington dispute over economic growth rates, the United States has decided to go forward with plans for a fourth economic meeting of Western heads of states, probably in July at Bonn. A final dateNYT - 557 words
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Article484 1978-03-14 12 THE WORLD S industrialised nations undertook to try to help poorer developing countries solve their debt problems by easing terms of loans they have already granted them. Sri Lankan Trade Minister Lallth Athulathmudali described the move as a significant breakthrough in the North-South Dialogue484 words
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132 1978-03-14 12 AXEL JOHNSON, a leading Swedish Industrial conglomerate, may set up a representative export/ Import office In Singapore. This was stated by the leader of the visiting Swedish Industrial group, Mr. Ooran Ennerfelt, yesterday. The group Is on a factfinding tour of South Korea, Hongkong, the Philippines132 words
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Article37 1978-03-14 12 MR. JEK Yeun Thong, the present High Commissioner to the UK, has been appointed concurrently Ambassador to Denmark. Mr. Jek, 47, Minister for Culture, Science and Technology, will continue to reside In London.37 words
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IN PARLIAMENT YESTERDAY
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252 1978-03-14 12 A STEP-UP in investment activity may be achieved with a general reduction in company taxee aaya Dr. Augustine Tan (Wkampoa). He said the Finance Minister should examine the cost-effectiveness of incentives like aocelerated depreciation allowances for industrial buildings and concessions on earnings from252 words
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Article76 1978-03-14 12 LEADING international manufacturers of diesel engines of over 200 horsepower will submit detailed project studies to the Economic Development Board by the end of the month. The most suitable will then be submitted to the Asean Committee on Industry, Minerals and Energy for consideration. The Senior76 words
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Article62 1978-03-14 12 THE Industrial Training Board has invested $4.4 million in new workshops and facilities to provide training In sophisticated skills required in the Republic, the acting Minister for Social Affairs, Dr. Ahmad Mattar said. Dr. Mattar said that the investments were for highlevel training in lnstrumentatlon and control62 words
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Article479 1978-03-14 12 IN WHAT appear to be a reiteration of known government policy on Investment and private enterprise in Singapore, Finance Minister Hon Sul Sen said In Parliament last night that the Government can only provide the framework for economic growth but that the final push must479 words
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404 1978-03-14 12 THE Finance Minister's budget shows that he is capable of "Inflicting pain on, as well as soothing away some of It" from taxpayers, said the MP for Moulmeln, Lawrence Sla Khoon Seong. "He implements his measures with such artifice that at the404 words
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271 1978-03-14 12 MR HWANG Soo Jin, MP for Jalan Kayu, yesterday accused the Government of dragging its feet on plans to develop Investment and trade. "For example, during last year's debate, the Honourable Minister accepted quite enthusiastically the need for setting up an Export Promotion271 words
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Page 12 Advertisements
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Advertisement80 1978-03-14 12 Meet the TOSHIBA 8D702A plain paper copier ANECONO^ALC^CT P *r PI FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT... HIRE PURCHASE OR RENTAL TERMS For further information, call Allan Tan MiMTMHI Orchard Road. Singapore 9. Telephone LUUHI nifll A Member of the inchcape Group *****2 Uses plain80 words
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Article4831 1978-03-14 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 Une involved, and the estimated dates of arrival and departure from Singapore port. SeanDateh has a Joint mtvice arruitment with4,831 words
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Article116 1978-03-14 13 The major shipping consortium operating between the Far East/Euroi>c and Straits ports/Aostralia, and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas' Container Line ANRO (STRAITS AUSTRALIA): Australian National Line. Australia/ Straits Container Line. Nedllcyd Lines. Neptune Orient116 words
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Article683 1978-03-14 13 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Ahli Shipping Sharjah Algerian National Line (CNAN) Unipacific Alpac Line Intrasea Anhsing Line Strongwill Angkutan Pertambagan Eastern Wan Angkutan P. (Cont. Service) Straits Shipping APL (American President Lines) APL683 words
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Advertisement79 1978-03-14 13 MAERSK UNE SERVICE ALL THE WW SINGAPORE *****46 PENAHG *****1 K. LUMPUR ***** P. KELANG *****0 SHIPPING INDIA STEAMSHIP COMPANY. LIMITED CALCUTTA mmm WSMU cmMU SINGAPORE PIE LAM PENAN LOADING FOR IMMAN FAITH 21/22 MAR 23/25 MAI WW MM rDAM/ANTWEV/H'BUK TIUURY/L'POOL IWMAN FORTVME 21/22 APR 21/25 API 21/21 API R*OAM/AN79 words
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Advertisement23 1978-03-14 13 SEA f* LAND MY/ REFMttMTED COWTAHO SOMCt NEXT MIDDLE EAST VESSEL WORLD LION V I HTM FLOOK, HONS LEON6 UK. IC, MFFLB QIMY23 words
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Page 14 Advertisements
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Advertisement729 1978-03-14 14 IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE S pot P.RtMf P« B'Lmh Genoa M'buff Bhittfl Mam Amp FnnonUtn In Pt 30/3 12/4 17/4 7/4 10/4 18/4 16/4 13/4 Sipfcil Ibctwn ll'/3 l(/3 13/3 4/4 katawttM 20/3 *M iMMhartft 29/3 31/3 3/4 MMI 8/4 'CaNMfßribao (26 '4) FULLY729 words
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Advertisement739 1978-03-14 14 £2 SANKYO LINEI AUSTRALIA SERVICE P.Koia* SiflCNW* THREE STAR IN PORT SAILED FREM, ADO, MEL, STO SEABLOOM 19/20 M«r W/iJ KYOSEIMARU */31 Mar 1/2 Apr RW MCUIIEI MAY SKY 11/3111* 1/2 Apr BUS. STO KYOTEN MAM 14/15 Apr 18/17 Apr ADEL.MELSYD BANGLADKSH SERVICE MAY BREE2E 15/16 Apr 13/14 Apr CHITTAfiOWS,739 words
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Advertisement459 1978-03-14 14 .LAND 3 U.S.A./ ASIA SERVICE PRY/REFRIGERATED CONTAINER SERVICE SAILING EVERT REONESMT fOR PORTS IN USA. CANADA. CARIBBEAN. lAPAN KOREA TAIWW, MOM ROM. TMHANO AM PHILIPPINES MID EAST SERVICE 40TH FLOOR. HONG LEONG BLOC, 16 RAFFLES QUAY SINGAPORE 1 Cuitomer Service Book..i| *****22 Terminal 257??!>3 *****37 Go one better to the459 words
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Advertisement954 1978-03-14 14 I Everett Lines Burmi Five Stir Skippini Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON BFA S C Agents in Miiloytio TEPS MALAYSIA Port Kelong Tel <38) 7355 Penong Tel *****/ ***** Wavayacton ItlfOliawml S. A. C.I. F 'ARGENTINE NATIONAL LINE' 2 LOADING fO* DWIU CAM TOWN BUENOS AIRES I P4I4GONIA954 words
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Advertisement464 1978-03-14 14 u JARDINE ANT AH SA.IL/jyw^y^; Orient Overseas CwUuneA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) ORIENTAL CHIEF M S SEAS BRIDGE 15M NEPTUNE CORAL 7W NEPTUNE PEAK. W FULLY CONTAINERISED SERVICE fROM EUROPE (VIA SUEZ) ORIENTAL CHIEF 71 i SEAS HUME 141 ORIENTAL RESEARCHERI CHEVALIER PAUL IK NEPTUNE CORAL464 words
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Advertisement1157 1978-03-14 15 OCL Overseas Containers Limited curommitp tawct t> w/cwthot: rum U KlilMl MIHt MA NAMIVRC umss iuu MT MM K«M (VMU DIMO mam Mm KM MM la P*rt I Apr I Apr I Mr (14 Apr) 1 14 Mr X Mar 14 Mr 1« Mr if Mr (II Mt M 1)1,157 words
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Advertisement1381 1978-03-14 15 Ben Ocean AjanttervxxofßenLmeßlueFlMinelClenljneandNSMO r» n/twnM>r (m tad NKIK PATROCLUS S.agapon P.Umi ftmnf Inn MM taPt/TS Mac MM 0 Apr Oil too. Amsterdam. Haabarg. DuW.n, Liverpool. 'J 1 I'M*, Leiioes, MnlL 10/1 1 Mar 0/10 Apr 1/ 1 M 11 M Bilbao, hast. M'kvrf. Dublin llf IS/1? Apr U Mi« I1,381 words
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Advertisement786 1978-03-14 15 BEN LINE cm yi H autc I HAVEN rtMUt HAVRE sot on Tmm P. blmi ft. Centoar/MAr* bwa rraace All ujl RAMARPU turn UM Pari R Apr Mr Apr (14 Apr) Mr PINALPtR 24 Mar 2R Mar K II Apr (21 Mr) II Mr MINI lUM nil 2R M* 11786 words
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Advertisement980 1978-03-14 15 [=U ii.l l U a: IV r 11 J. CONTINENT/ SCANDINAVIA Feeler tnm P. leiaat Vessel EIEANtIA 11/ I UUMII EIEANMA It/ J U)M f-ancesca n i mi. miima iu»W'» w muu FiiMIUl n/ 4 HiilUl S pore 1) MM'llct 2) Mm 3) Ntarf 4) Cb«r| 1/4 H/ 4 IV980 words
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Advertisement636 1978-03-14 15 W GUTHRIE BOUSTEAD LOCK LTD. mnniLiiMKi ■UVttAM (Maaritiin. Rtwioo. M'bua Imp, Btira. tartan. 1.1, p.i., p*«aat p. K*tw( nm am tun mm mr A VESSEL < Mauritius. Raama*. Durtaa. E.L, P.I., p**M| p. mini it/a Apr S p«n is/it Apr FtW UCT I FMTUNl STU I LAME (MM OTIC* FN636 words
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Page 16 Advertisements
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Advertisement976 1978-03-14 16 "K" LINE J1 II it ,1 II J I 111. MERCATM 5W II Mar MMUM CONTAINER JW 31 Mar MENTAL CHEF M I Apr Sid SEAS MIINC IS* IS Apr P.XdMf MENTAL CHIEF 7E 11 Mar SEVEN SEAS MICE 14E 25 Mar MENTAL RESEARCHER IE 1 Apr POT AUER PAOL976 words
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Advertisement1119 1978-03-14 16 E.C. SERVICE acceptub FUAtt cwtnes nm rw*. t. bum. row* Laad.« Mr: MMU, VRML S-wm MM NM— NN« "SO MAOMYA PIAJESM (I'M* 38SBE-'X'SRpi":: 8«S J E. C./GREAT LAKES SERVICE I.M, w, Nffiu tim. annul. mm. uniMU. KTrti!. caicui. Penaaf Belawan Mlwf Snupore CI "VISUM SIOOMI" 21/1R 27/9 m ,4/I cauforru/pacific1,119 words
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Advertisement1034 1978-03-14 16 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: naurwt mmm container NIENTAL CHIEF SEVEH SEAS atiwc MENTAL CHEVALIER PA* UPTIME CORAL II Mar 17 Mar J¥ SI M* 1 Apr 17 Apr I Apr N Ipr 21 Apr IS Apr II Apr S May 22 Apr 23 Apr II Hay 211,034 words
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Advertisement810 1978-03-14 16 mMKW S MAI AYSIAN HTtKNATtONAI SUPPING CORPORATION B&MAD IfL EL aiM4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/CONTINENT/SCANDINAVIA WW M— F«d«r *f. Krlaaj Vatsol ELEAMIA 14/ 1 SEIANtIA [UtMU I Ml MM FRANCESCA I Ml. KJIIU EIUMU IV 4 TBYAMA AM AcaaptMt fan 1) ImlM, Mm, t) Aaatartaa, Mwi, L810 words
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Advertisement726 1978-03-14 16 INTRASEA (PTE) LTU Tg NORASIA UNE REMAP MEPENKNT SERVICE Tl OMR S port P. Kelang Penang LaaPMg Fa s FINIX 23 tor II Mar A'wrp/ITdaM/irbug. *M.V. AECIS BALTIC 11 Apr I Apr 17 Apr S'ton/R'tom/ITbgri/ A'werp. •ktatum Ttraal* I'l/L tar m.m W MMiw. ARM* Ummn INTRASEA (PTE UP —*****11—RM 1it—2J*****726 words
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