The Business Times, 16 March 1978
1978-03-16
1
16
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The Business Times
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Title Section11 1978-03-16 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, MARCH 16, 1978 50 CENTS11 words
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BRIEFLY...
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Article77 1978-03-16 1 Reuter LONDON, Wed. The Islamic Council of Europe has protested to the Marks and Spencer store chain that a line of men's underwear marketed by them Is offensive to Muslims. The design, in Kufic script, Is a part of the principal Islamic tenet: There is no GodReuter - 77 words
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Article85 1978-03-16 1 AP GENEVA, Wed. A university degree is fast becoming "a ticket to nowhere", an International Labour organisation report said today. No longer is it a guarantee to the good life and a prosperous career, as Job dissatisfaction and long periods of unemployment face thousands of university graduatesAP - 85 words
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Article63 1978-03-16 1 Reuter BANGKOK, Wed. A Hongkong Chinese businessman has been arrested on charges of forging shares in Asia Fibre worth more than US$l5O,OOO (*****,500), an official of the Securities Exchange of Thailand (SET) said today. Liang Kim Hze, who runs an import-export firm in Bangkok, denied the charges, statingReuter - 63 words
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Article51 1978-03-16 1 AFP JAKARTA, Wed. The armed forces faction In the Indonesian Congress today called for an extension of President Suharto's present emergency powers which enables him to bypass the laws and grant him the authority to take necessary measures to ensure the success of the government's development efforts.AFP - 51 words
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Article45 1978-03-16 1 THE Soviet trade representative in Singapore is working with Intraco on a possible Joint-venture company to trade in raw cotton. Another joint venture for processing and cutting Soviet semiprecious stones is also under consideration, the Soviet representative. Mr. Dockuchav, disclosed this yesterday.45 words
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Article36 1978-03-16 1 Reuter JAKARTA, Wed. Indonesia supports in principle the Idea of adjusting the price of crude oil to the decline in value of the US dollar, Mining Minister Mohammad Sadli said here today. Reuter.Reuter - 36 words
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Article47 1978-03-16 1 UPI HONGKONG, Wed. Hongkong and Singapore today signed an agreement to provide "fast and reliable door-to-door (mail) collection and delivery service." The agreement, effective April 1, was signed by Mr. Lim Kay Yeek Singapore's postmaster general and Mr. D.J.K. Bamford, postmater general of Hongkong. UPI.UPI - 47 words
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Article77 1978-03-16 1 UPI NEW YORK, Wed. Tne stock market, hopeful of a settlement of the 100-day-old coal strike but disturbed by Israel's attack on guerilla bases In Lebanon, was mixed early today. The Dow Jones industrial average, which rallied to gain 2.60 points yesterday, was off 3.46 points to 759.10UPI - 77 words
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Chief Price Changes
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Article132 1978-03-16 1 Rises Most active Rosy Elect A Enterprise* 208 275 +37 +23 S. Darby F. Merlin 741,000 138,000 K«nuyu 198 +22 API 129 000 C Sugar* Malak off 285 232 13 13 Cons Plant 115,000 It land ft Pen 242 +8 Total Turnover: 2 .90 m Malayawata Alcom132 words
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Article, Illustration165 1978-03-16 1 Rises Most octive Kramat Castle field C. Sugars Malayawata Temerloh Malex Kemayan Malakoff Rlvervlew Utd. Mai 5.00 8 00 2.91 2.11 2.70 3.46 2.03 2 32 1.70 3.32 .20 .20 .15 .13 .10 +.10 .07 +.07 .06 .00 S. Darby 600.000 C. Sugars 331.000 Cons Plant 125,000165 words
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Article932 1978-03-16 1 TERESA LIM - MILITARY VESSELS IN DEMAND By TERESA LIM MILITARY vessels have tremendous export potential for Singapore, provided shipyards here can overcome the problem of credit financing. Announcing Vosper Singapore's 1977 financial results, Mr. Robert Du Cane, the shipyard's managing director, said that the Introduction on a932 words
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Article228 1978-03-16 1 THE US$2O million <8546 million) floating rate A&ian dollar negotiable certificates of deposit Issue by the Mitsubishi Bank Singapore branch is twice oversubscribed. Mr. K. Nagal, general manager of Mitsubishi's local branch, yesterday described the response to the issue as "enthusiastic and strong". He added that228 words
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691 1978-03-16 1 RONNIE LIM - By RONNIE LIM SOLUTIONS to mass unemployment and underemployment In the Asian and Pacific region can work only if governments speak out against protectionism and seek a greater flow of Investment and transfer of technology. Addressing delegates to the Seventh Conference of691 words
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Article91 1978-03-16 1 Reuter CHINA'S world trade last year reached U5514.29 billion (Ss33 billion), the second highest after *14.575 billion In 1975, according to a survey released yesterday by the semi-official Japan External Trade Organisation (Jetro). Last year's figure was 7.8 per cent higher than I97fl's andReuter - 91 words
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312 1978-03-16 1 A LEADING Asean banking and investment group expects within the next three months to launch a new borrowing instrument which will eventually bridge the gap between Asean borrowers and lenders in West Asia. These instruments will match the varying requirements of312 words
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589 1978-03-16 1 Reuter JAPAN yesterday slashed official bank rate and put a new squeeze on inflows of "hot" money from abroad with the aim of bolstering the sluggish domestic economy and halting the surge In the yen's value. Bank of Japan Governor, 'Telichiro MorlnagaReuter - 589 words
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Page 1 Advertisements
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Advertisement145 1978-03-16 1 r n LATEST ISSUE The latest issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British,145 words
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Advertisement82 1978-03-16 1 MILS SHIPPING TIMES THE ideal supply base for PEOPLE in business 2 SBT system fives hope to local yards 5 PRODUCT performance that's hard to match 7 FORUM: Focus on a burgeoning industry 7 GOODWOOD Group's main line springs a surprise ROXY Electric reverses setback PERAK Carbide sinks deeper RECEPTION82 words
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Advertisement383 1978-03-16 1 t rry| nm, Mairi 380/360C0 lIWMWt PftlVATt LMMTtO L*» P O loi 50 T« a0»1l 1 M3M7 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books thai had to bum. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind: the383 words
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TRADE AND INDUSTRY
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Article162 1978-03-16 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS March 17 Maintenance Hyatt IREE concepts applicable to Singapore Mar 21-23 Limit State CP 110 Sea view Compa Design* International Mar 27-29 Prestressed Concrete Seavlew Compa Design International Mar 27-28 Costing and Financial Hilton Price Waterhouse Analysis for Marketing Managers Mar162 words
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Article180 1978-03-16 2 THE chairman of the Presko Group of Public Relations Companies, Mr. Eako K. Pajaaalmi, has been elected the 1978-79 president of the Pan Pacific Public Relations Federation (PPPRF). Presko has offices in Singapore, Thailand, Hongkong, Malaysia and Indonesia. As head of the PPPRF, a regional association of national180 words
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Article516 1978-03-16 2 MANUFACTURERS of building and construction materials can use Singapore as a supply base for Asean, one of the fastest growing areas in the world today. In Malaysia and Indonesia, for example, there is a great demand for industrial buildings, housing and new roads. This is516 words
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Article, Illustration55 1978-03-16 2 ASEA Singapore Ltd has presented an electrical model for special educational purpose* to the Jurong Vocational Institute. The 15 hp. slip-ring cut-away model was presented by managing director Jan Sundberg to the institute's principal, Chiang Cheng Boon. Mr. Sundberg (left) is showing Mr. Chiang the mechanics of55 words
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Article113 1978-03-16 2 A FOUR-MAN team of local pleasure boat builders left yesterday to take part la the 17th Tokyo International Boat Show from March 17 to 21. Among the participant*, are American Marine and Gay Song Boat Builder which has been building boats for over113 words
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Article83 1978-03-16 2 COUNTRIES which have declared exclusive economic and fishing zones will have an opportunity to gather information about coastal protection at the International Symposium on Coastal and Fisheries Protection in Sydney from June 21 to 24. The conference is being organised by Hawker de Havllland Australia and83 words
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Article61 1978-03-16 2 THE Singapore Manufacturers' Association will be promoting locally made products at Singapore Fair •78 from Oct 6 to 15. The fair will take up about 6,000 square metres of exhibition space at the World Trade Centre. Visitors will be able to see a wide range61 words
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596 1978-03-16 2 BRITAIN, which pushed for Common Market restrictions on Hongkong's allimportant textile industry, has now launched a big sales drive in its last major colony. Hongkong is among the world's top 20 trading nations and industrialists "back home" have woken up to the opportunities596 words
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Article164 1978-03-16 2 PENINSULAR Malaysian rubber production last December rose to 161,000 tonnes from a revised 134,372 tonnes In November and 151,004 tonnes in December, 1976, Statistic Department figures show. Output for 1977 reached 1.53 million tonnes compared with 1.56 million in 1976. Exports in December also Increased164 words
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618 1978-03-16 2 SOUTH Korea can solve Its Inflation problem if it manages to boost selected Imports as planned. Expressing this confidence, the Economic Planning Board director, Kim Jae-lk said inflation, currently tne worst headache of economic planners in South Korea, was caused last year618 words
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Article137 1978-03-16 2 VICTOR, the American manufacturer of business machines for the retail trade, will be introducing its latest range of electronic cash registers (ERC) to Singapore and the region, once a local distributor has been appointed. Mr. Herman Meeth, director, International service and marketing, said the company has137 words
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Article81 1978-03-16 2 THE Marco Polo Is holding a three-month-long courtesy campaign from April 1, In conjunction with the National Courtesy Campaign organised by the Singapore Hotels and Restaurants Association, on behalf of the Singapore Tourist Promotion Board. Heads of departments will nominate an employee from each section of81 words
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78 1978-03-16 2 A QUALITY control seminar for food processors organised by the National Productivity Board will be held on March 27, at Hotel Equatorial. The seminar will be led by two Japanese experts, Professor Shin Mlura and Professor Kageyu Noro. They will lecture on statistical quality control78 words
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Page 2 Advertisements
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Advertisement325 1978-03-16 2 Slow boat from tait r®" >r Y \^x~ fflssff CHINA TRADE QUARTERLY Far East Publications nr 1913, Hanglung Centre, Paterson Street, Causeway Bay, Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. r~jPlease forward issue!s)325 words
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Page 2 Miscellaneous
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Miscellaneous618 1978-03-16 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Wildly chants a little song (6) 7 Men's dance at uncle's (8) .5 Animals to rest, possibly (8) 10 They infect the old man and some kids (5) 13 Shoo out of the square? (4) 14 She did (4) 15 Educational content of many618 words
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OVERSEAS
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Article483 1978-03-16 3 Reuter THE 53 developing countries linked to the European Common Market by the Lome Convention served notice on Tuesday they will demand a bigger role in making decisions when the trade and aid pact comes up for re-negotiation in July. Mr. p.j. Patterson, Jamaican ForeignReuter - 483 words
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Article236 1978-03-16 3 Reuter SENIOR executives from African oil companies have urged their governments to speed up plans for a regional body that would coordinate the prospecting and refining of their petroleum resources. The executives made the appeal at a United Nations symposium in Vienna discussing the developmentReuter - 236 words
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Article232 1978-03-16 3 Reuter THE US International Trade Commission forecast that consumption and Imports of palm oil during 1977 to 1979 will Increase slightly, while those of palm kernel oil and coconut oil will fall short of the 1976level. In a study of US Imports of palm, palm kernel, coconutReuter - 232 words
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Article179 1978-03-16 3 AP TURKEY and the International Monetary Fund are expected to sign an agreement shortly under which Turkey will receive a Critical foreign exchange loan in return for economic stabilisation measures, sources said on Tuesday. The sources said Turkey hopes for a US$lBO-milllon (Ss4l4 million)AP - 179 words
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199 1978-03-16 3 AP WEST GERMANY Is facing Its worst labour trouble In years as employers' lockouts of printers paralysed most newspapers on the eve of a planned strike by 83,000 metal workers in the state of Baden-Wuerttemberg. The German Newspaper Publishers Association on Tuesday ordered all printersAP - 199 words
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Article82 1978-03-16 3 Reuter US ECONOMIST Alan Greenspan said he expects the US prime rate, currently 8 per cent, to peak above 9 per cent by mid-1979. Federal borrowing will also be "very large" next year, he said. The New York Federal Reserve Bank has reported that bankers' dollarReuter - 82 words
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WORLD IN BRIEF
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Article506 1978-03-16 3 Agencies ITALY'S largest trade union group, the communistdominated COIL, decided to pull out of the Praguebased World Federation of Trade Unions. Aldo Bonaclnl, a member of the COIL'S secretariat for international union affairs, told the federation's general council that Its membership Is no longer compatibleAgencies - 506 words
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Article221 1978-03-16 3 UPI A NEW tentative contract agreement worked out on the 99th day of America's longest coal strike has a good chance of winning approval from the 160,000 striking miners, according to both union and management sources. The agreement, announced on Tuesday afternoon, has toUPI - 221 words
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Article599 1978-03-16 3 CARTER URGED TO ACT Reuter AP IN A MEMO to President Carter, Mr. Barry Bosworth, director of Council on Wage and Price Stability, said he expects substantial increases In consumer prices over the coming months. He said the US should mount a tougher antllnflatlon programme. Including aReuter; AP - 599 words
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Page 3 Advertisements
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Advertisement180 1978-03-16 3 Now you can Buy or Rent the best. The ankX rank XIMA v v>- V I J'V Now Rank Xerox does it both ways. Rental of the I world s finest copiers or outright purchase. Whichever is the best for your business. What's the Difference k None. Because Rank Xerox180 words
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RAW MATERIALS
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Article467 1978-03-16 4 THE Singapore market closed inactive yesterday with April One RSS buyers quoted at 205.25 cents per kilo, down 0.50 cent on Tuesday night's close. The market hovered Just above lunch time levels in very thin afternoon trading due to lack of interest. Volume was small.467 words
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Article359 1978-03-16 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S.S prompt f.o.b. Int 1 R.S.S April Int 1 R.S.S. May Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int 5 R S.S UK/Cont Buyers 204.25 205 25 205359 words
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Article109 1978-03-16 4 NOON SSR and SMR prices yesterday: HAS SSR 20 SSR 50 (1-ton Pallets) (1 -ton Pallets) April (Current Mth) Buyer. Seller* (cento per kg) 195 00 197.00N 193 00 195.00N May (Forward Mth) Buyer* Sellers (cent* per k«) 196 00 198.00N 194.00 196.00N M.R.E.I..B. SMR5CV SMR 5L109 words
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Article29 1978-03-16 4 Rubber: March 15: Singapore: April 206.25 cents (wn 0.50 mt) Malaysia: April 208.00 cents (down 1.00 cent) Tin: 11,580 (nek) Official offering: 251 tonne* (down 30 tonnes)29 words
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Article285 1978-03-16 4 BANGKOK rice prices were as follows yesterday: US dollars per tonne fob basis Bangkok: Whit* Rice: 100 pet Ist class 422. 100 pet 2nd class 407.100 pet 3rd class 402. 5 pet 393. 10 pet 380, 15 pet 375. 20 pet 370. 25 pet 382. 35 pet unq Broken:285 words
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Article362 1978-03-16 4 ALL pricei held steady in lackliuftre trading at the Singapore produce market yestettfay. Coffee dealers were reported to be offering prices slightly higher than that quoted by the Singapore Chinese Produce Exchange and were still able to make sales to West European trailers. There was some reaction to362 words
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Article256 1978-03-16 4 FUTURES in London yesterday opened 13.25 to £2.75 above Tuesday's afternoon closing levels. The market opened steady on some followthrough trade buying and short-covering from Tuesdays late advance. However, there was again no fresh news and dealers still considered the trend a technical rally after the long decline. The256 words
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Article224 1978-03-16 4 ROBUSTA futures In London yesterday closed the morning officially "slightly easier" but still 115 to £2 up from the previous close after opening £19 higher to unchanged. Values eased back from the sessions highs on local dealer selling and Jobber profit-taking after chart support had lifted May upto a224 words
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Article65 1978-03-16 4 C.I.F. US dollars per ton. LONDON Malaysian 5% ffa bulk May Sumatra 5% ffa bulk March April May June June/July August Tanfey 810 sir 590 P<1 I 823 pd •io po 590 pd 585/590 pd 5M air Pinhi MO air 500 Dd MMpd 030 dr 570/573 570 pd65 words
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Article196 1978-03-16 4 THE Straits tin price In Penang stood unchanged at MSI,500. Although there was a further recovery In London, the market only held steady with consumer demand slow In quiet conditions. Turnover dropped to 251 tonnes from Its overnight 281 tonnes, with no rationing reported. In LONDON yesterday, tin196 words
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Article95 1978-03-16 4 LEAD in London yesterday morning rose by £5 per tonne an round. Profit-taking pared gains near the close although further covering took values back to around the high on the kerb. Sales were 4,000 tonnes. On Tuesday, the market was well maintained during the afternoon on covering which some95 words
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Article252 1978-03-16 4 TERMINAL cocoa In London yesterday finished the morning near the session's lows with on balance losses of £87 to £30.50 per tonne. Spot March showed the large* decline, but more as a differentials readjustment, traders MM. Tprnf said, however, the posting of a further 26 original tenders*— 21 Nigerian252 words
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Article193 1978-03-16 4 THE sugar market closed firmer in dull and featureless trading, with six lots traded against 15 on Tuesday. Traders were reluctant to enter the market due mainly to wide spreads between bids and offers, and were awaiting a fresh lead from New York market. Prices were 0.32 to193 words
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Article181 1978-03-16 4 VARN and cow on in Honckona dollars, spot ex^uown: Cattaa Vara: cßia Blue Phoenix 20 s 1.730 32 s 2.000 40'1 2.180 (per bale of 400 lbs) Ftace Gmtit: China Butterfly and Olobe brand unq, Dragon Head una. Five Lamba una, Flower and Butterfly unq. Flyinf Geese unq.181 words
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Article204 1978-03-16 4 AT THE close In Chicago on Tuesday, prices ranged mostly 1/4 to three cents a bushel lower, although September lost nine cents. July and August added 41/2. During the session, the market traded in a 40-cent price range. A drop In silver futures and talk of a coal sttlke204 words
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Article127 1978-03-16 4 WHEAT futures in Chicago on Tuesday recovered small early losses jind moved upward for gains of 2Vfc to V» cents a bushel around midsession. Prices eased initially as commercial selling and weakness m soybean futures prompted speculative selling in a light trade. When selling pressure diminished and soybeans stabilised127 words
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Article302 1978-03-16 4 COPPER wlrebars in London yesterday finished the morning with all-round fains of £12 per tonne. Prices were sharply higher at the outset of the pre-market on short-' covering, fresh buying and some stoploss support prompted by the tone at New York and latest developments in the Middle East, dealers302 words
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Article215 1978-03-16 4 SILVER in London yesterday morning fell 3.1 to 3.2 pence per troy ounce. The lower levels reflected overnight declines at New York and lower gold, dealers said. Prices fluctuated narrowly throughout the morning in quiet dealings with carries boosting ring turnover to 50 lots. On Tuesday, sliver on the215 words
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Article115 1978-03-16 4 ZINC in London yesterday rose by 15.25 for cash and £4.75 for Three Months. This metal was also given impetus by the trend in copper and lead, with shortcovering, chart and stoploss buying taking Three Months steadily higher and producing scale up business to 1270 per tonne on the115 words
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Article412 1978-03-16 4 THE kolobar In Singapore opened at S$ 13,857 and cloeed at $13,923 In London, the metal opened at USSIBS.OO/ 30 and closed at $185.85/ 186.15. The London morning fix was US$lB6 75, down $1.30 from the previous. Source: Singmu. Retail prices per tael Suoted by the Singapore hlnese Oold412 words
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MONEY AND EXCHANGES
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Article444 1978-03-16 4 THE foreign exchange market in Singapore yesterday continued to reflect general uncertainty over the US dollar. Against the yen, the US unit opened at the 233.75 level, rose briefly to 234 in the later afternoon, but fell back to the 233 level In the evening. Against the local444 words
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Article62 1978-03-16 4 HIE AVERAGE prime rite of banks in Singapore stands •round 7 par Mat, with the rtnge running betweeu CV 4 pm out sad 7V« per cent. Orareea-Chineee Banking Corporation is at the lower sf raatt while a bumber of banks, including Citibank and Development Bank of Singapore.62 words
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Article148 1978-03-16 4 Asian rates ASIAN currency dvpotft Interbank rata* u at ctoae on Mar IS 2 H lar(8pa«) BU 7dayi 1 mth 2 mth* 3 mths mth* 9 mth* 12 mths ...i ...an/ia ...7 71/8 .,.7 9/16 ...711/16 ...713/16 6 7/a 6 9/16 a 7/a 7 77/ia 79/19 711/18 9m. Ph. Da*.148 words
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Article62 1978-03-16 4 Euro rates LONDON Eurodollar deposits opening rates on Mar 19. Overnight 6-15/16, 6-13/16 Ttiurm/ Frl 20. 19-7/8 Weekend 2-5/8. 2-1/2 Seven days rix 6-13/16, 5-11/16 Seven days notice 7. 8-7/8 One rath 6-11/16, 88/16 Two mths 7. 6-7/8 Three mths 7-3/18, 7-1/16 Four mths 7-6/16, 7-3/16 Five mths 7-7/16, 7-5/1662 words
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Article50 1978-03-16 4 AUSTRALIA NT exchanges quotas on Mar 19. AUSTRALIA U8 dollar 1 1388/1 1340 Sterling 0.8011/0.5836 h* 11 US dollars 1 1888 Ninety-day forward buying rata*: Sterling 0 5928 US dollar 1.1371 NEW ZEALAND Sterling 6.5366/0.9336 US dollar 1 0900/1 0800 a£8 f? i iV mtbu,tn tm US dollar 1.068650 words
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Article54 1978-03-16 4 ZURICH exchanges doatng quotes on US l.»fl«-9480 Sterling 3 7154-7306 Can 1 7368-7336 O MX 96.1904-3312 DFL 88 8820-88 IMS F FR 41 1144-1914 B FR 6.1194-1206 D KR 94.9758-8306 N KR 36.3838-4148 S KR 42.0653-1121 Ut 9 23*6-2399 Aus sch 13 1911-2191 Port 4.7282-7794 8paln 2 4883-4338 Arg54 words
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Article45 1978-03-16 4 FRANKFRUT exchanges opening quotes on Mar 15 US 2 0625/45 Can 1 8336/65 Sterling 3.825/936 D F1 93.90/80 8 FT 106.00/39 Ut 2 39/40 F FT 43 15/40 N Kr 38 35/45 B Ft (coil) 6 435/445 B Ft (fin) 6 42/44 Yen 0.8790/890645 words
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Article266 1978-03-16 4 YESTERDAY S dollar held on to some of its early gains against leading currencies In opening trading. Trading was relatively quiet with a nervous undertone. The yen weakened against the dollar to an early 234.80/ 235.00 from 232.85/ 233.05 overnight here, in response to the Japanese bank rate cut266 words
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Article173 1978-03-16 4 THE US dollar for overnight delivery closed at 234.50 yen yesterday, compared with a 233.70 opening and a post-war record low of 233.00 on Tuesday. The US unit rose on Import and dollar covering by foreign banks following local press reports that a cut in the official discount rate173 words
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Article119 1978-03-16 4 THE yen closed weaker against the dollar finishing at 234.70/90 compared with New York's closing 233.10/35 after the Bank of Japan announced a cut In discount rate to 3.5 per cent from 4.25. The bank rate reduction coupled with measures to curb inflow of dollars saw hectic trading here119 words
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Article141 1978-03-16 4 TUESDAY'S dollar, benefitting from news of a negotiated settlement to the coal strike, closed firmer against major currencies. Dealers said trading was quiet although the pace picked up toward the close as the dollar became generally bid. New York Federal Reserve Bank appeared to be actively intervening most141 words
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Article39 1978-03-16 4 THE MONETARY Authority of Singapore Invites banks and discount houses to tender for a total of Ss2s million 91-day Treasury Bills to be Issued from March 20 to 23. Each tender must not be less than $250,000.39 words
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Article241 1978-03-16 4 Straights BU Offer FFI8tg9*87 97.25 98 00 Courlaulda stg 89 95.50 96.25 EIB stg 9*> 92 97.25 98.00 Flaonsstg 10*87 100.25 101 00 97.00 97.80 Inco8*84 96 87 97.37 Sparbankernas8*SS 97.25 88 25 Shell 8 90 99.75 97.25 98.50 69.50 98.86 96.00 EIB 9* 93 96.00 97.00 BCSC8*» 97.75241 words
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Page 4 Advertisements
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Advertisement160 1978-03-16 4 COLLECTING Oriental Anticnej by Judith Moorhouse and Dries Blitz ra x Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated160 words
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TRANSPORT
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321 1978-03-16 5 Reuter AFP THE WEST German firm, Kloeckner INA, has agreed to extend to May a US$BO million (SSIB4 million) credit offer for the improvement of Filipino shipbuilding and shipping industries due to have expired last month, the Philippines' state-owned National Development CompanyReuter; AFP - 321 words
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784 1978-03-16 5 TERESA LIM - By TERESA LIM SEGREGATED ballast tankers (SBT) hold out hope for more business for repair yards. Singapore yards, however, will have to wait for positive developments for the future of the SBT system still hangs very much in the balance. The SBT system784 words
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Article84 1978-03-16 5 SINGAPORE Airlines (SIA) will offer computerised reservation service to its passengers and travel agents In the Gulf area when its Bahrain office goes on-line with Krlscom from March 30. SIA will then be the only Asian carrier In the Gulf area offering such a facility. The Kriscom system84 words
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Article878 1978-03-16 5 PRESENT RATES for nonliner trades are very much subject to the forces of supply and demand. Cargo Available 10,000 tons bagged salt Aden/ Mombasa or Dar. Laycan March 22 to 30 load/ discharge 750/ 750. Freight US$lO.OO FIOS. Shualba/ Calcutta March. FIS/ liner out (cargo to Nepal)878 words
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Article713 1978-03-16 5 ARRIVALS Service Local Operator Number Time From MAS MH682 0825 KCH SIA SQ101 0900 KUL MAS MH621 0900 PEN MAS MH607 0900 KUL PAL PR501 1005 MNL GIA GA980 1030 HLP MAS MH605 1030 KUL CPA CX710 1035 HLP SIA SQ103 1045 KUL SIA SQ209 1045 HLP713 words
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Article193 1978-03-16 5 EXPANDED time-charter trading on Tuesday coupled with an Increase In the number of grain movements from the United States Injected a good deal of life into the chartering market. British Steel booked a 22,3128-dwt loader for three to five months' trading after prompt delivery at Glasgow at 3,625193 words
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195 1978-03-16 5 UPI A PAN AMERICAN World Airways executive. just returned from negotiation* in in Baafktk he was confident the US airline would be flying over Laoe and Vietnam in the near foture. John Krimaky, Pan Am's vice preeident for federal affairs in Waahington, heldUPI - 195 words
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Article84 1978-03-16 5 Reuter A STRIKE by 1, 200 clerical workers on Tuesday disrupted flights by Aer Lingua, Ireland's airline, at the start of one of Its busiest periods. Thousands of Irish people have booked to travel on or near St. Patrick's day tomorrow, which Is Ireland's National Day. TheReuter - 84 words
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508 1978-03-16 5 NYT BRITAIN has yielded in Its dispute with the United States over low transAtlantic air fares, sources close to the Washington negotiations said. All signs are that bargain tickets will soon be available on most major scheduled routes between the US andNYT - 508 words
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Article, Illustration486 1978-03-16 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anyl (hauls 13m West after Yamanashl Maru hauls) 13/14 Cherry Vllja (B. Barge) (2300 after Ocean Supply) 48 Hugheverett (1900 after Fernandoeverett) 18 Kal Maru (JNBM) (0700 after Scotland Maru) 47 Martha Bakke (0600 after Loon Sheng hauls) 38/39 Nedlloyd Adelaide (0000486 words
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Page 5 Advertisements
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Advertisement287 1978-03-16 5 1 II BUSINESS TIMES: Special Feature on Travel "A Businessman's Holiday With a difference" April, the time of year when people are either travelling or planning their annual holidays. Because they are frequent travellers, businessmen are becoming increasingly selective when it comes to i| choosing a destination. To assist them287 words
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Article411 1978-03-16 6 THE LABOUR Minister's remarks at the Wellington meeting included one compelling observation on protectionism when he said that developed countries need both vision and political will to resist the temptation to raise trade barriers. That is absolutely true. But quite apart from vision and political411 words
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Article316 1978-03-16 6 JAPAN'S decision to slash its official discount rate from today is a move clearly born of desperation, with a little midwifery help, no doubt, from the United States administration. But, for whatever reasons It has been done, it could nevertheless prove to be the most316 words
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Article, Illustration2194 1978-03-16 6 REGINALD STUART - By REGINALD STUART NYT DURING 1977, the American car industry recalled more cars than it sold. Some 10.4 million passenger cars of various model years were recalled, 9.3 million new cars were sold. Those stark figures suggest the magnitude ofNYT - 2,194 words
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Page 6 Advertisements
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Advertisement575 1978-03-16 6 585 Orchard Road, S'pore I. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: 433W1 Pebble Bar Come and be enchanted by the repertoire of the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop Our Quick575 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-03-16 6 WE A THER outlook for Singapore from 6 am to noon today: No rain. REPORT for 24 hours prior to 7.30 pm on March 15 at the airport. Maximum Temperature 32.4° C Associated Humidity 64 Minimum Temperature 23.5° C Associated Humidity 98 Hours of Sunshine 5.30 Rainfall in Millimetres nil63 words
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Miscellaneous288 1978-03-16 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies The Thanksgiving Spirit (Repeat) 0 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin with English subtitles (Repeat) A Mandarin drama serial 4.20 Intermission 6.00 Opening announcements followed by Lassie The Homeless 6.30 News in Brief 0288 words
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Article, Illustration986 1978-03-16 7 PETER CHIA - By PETER CHIA MINIATURE cars are no miniature business, that's for sure. "Matchbox" cars last year fetched over $250 million in sales to 130 countries and created Jobs for 6,500 people. In Its 30-year history, the Btltlsh Matchbox manufacturer, Lesney Products, b&s.986 words
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Article, Illustration729 1978-03-16 7 BpUBTFUL compliment to the late J. Edgar Hoover from the staff magazine of a company In northern Britain: "Although J. Edgar Hoover was always prepared to take a oakulated risk In his position as chief of the FBI, It Is stfld that he never ate any729 words
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Article, Illustration535 1978-03-16 7 RUSSELL BAKER - By RUSSELL BAKER NYT GOOD MORNING, President Carter. Here Is your agenda for the day: 6-6.30 a.m. Calisthenics, shave, breakfast, make bed. 6.30-7 a.m. Settle coal strike. Brush teeth. Put breakfast dishes In sink. 7-7.30 a.m. Wake Rosalynn. Settle farmers' strike. Send out laundry.NYT - 535 words
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Article1083 1978-03-16 7 FRANCOISE DUMOUSSAUD - FOBPMi 1 industry Jj ■r. FRANCOISE DUMOUSSAUD THE PAST few years have seen the emergence of a new (Industry in Singapore's manufacturing sector; still small and in search of new products and markets, the photographic and optical sector is growing rapidly. Sales of photographic and1,083 words
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Page 7 Advertisements
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Advertisement305 1978-03-16 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, Singapore305 words
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Page 7 Miscellaneous
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Miscellaneous52 1978-03-16 7 BllStOW: Frank Dickens old DimKtNS otost Be oFfVj\S fcocxeK. RUNNING GROUND P\OOUT "fK HuuN£ BOTCH OP CUCKKS \jmo «op\m TvAC STKe£.TS IOOK<f4G V FOR Tfoxi&ug.,... 5 vc OOGHf "To HPNG. H*S 6*fWt*£D.. Tne wftH's B RpivirtG y cone Noui.joNes... DON'T se TOO wrrd ON thg. poor ch*=m v oveajoßK ReopLc52 words
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INTERNATIONAL STOCK MARKETS
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Article667 1978-03-16 8 Tokyo Source: DBS-Daiwa THE reduction of the official discount rate by 0.75 per cent, banning of the acquisition of IcK-fcfcArflve year bonds by nonresidents and an Increase In the teaerve requirements for non-resident free yen deposits from the current 50 per cent to 100 per ceai wasSource: DBS-Daiwa - 667 words
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Article401 1978-03-16 8 Source: Sun Hung Kai Sec Ltd. AFTER a fairly quiet start yesterday, the market settled back Into Its usual thin two-way trading. Continued profittaking among the hongs followlng their recent relative strength saw Swire Pacific and Hutchison Whampoa slightly weaker but blue chips ended the day unchanged except forSource: Sun Hung Kai Sec Ltd. - 401 words
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Article326 1978-03-16 8 THE market closed quietly mixed yesterday with most trading confined to the afternoon session. BHP rose six cents to As 4, ACI rose two to $1.60 while the National Bank lost two to $2.32. In oils, Woodslde gained one cent to 75 cents while Ampol Exploration dropped two to326 words
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Article143 1978-03-16 8 THE market yesterday closed lower with minings and oils posting slight losses though commercials remained unchanged. Turnover rose to 1 89 million pesos from Tuesday's 1 39 million. Lepanto lost one point while other mining issues remained unchanged. Oriental and Phil Overseas lost one point each while other oil143 words
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Article150 1978-03-16 8 MAR IS Bahts Asia Fibre Bangkok Bank 389 -2 Bangkok Invest 372 -8 Bangkok-Metro-politan Bank Bata 800 -5 Berll Jucker 500 ♦2 CarpetIntnl Charoong Thai Wire 440 Dumex DusltThanl 356 -7 Faber Merlin First Trust 610 -9 Genera Finance 413 27 Indo-Thal Industrial Finance Corp 2905 unch J And150 words
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Article345 1978-03-16 8 EUROPEAN MARKETS MOST European bourses closed weaker on quiet trading. In FRANKFURT fears that the US-West German support measures may fall to check the dollar's weakness also affected prices. Autos were lower, led by Mercedes losing three marks, while banks lost up to 2.30 marks and chemicals up345 words
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Article219 1978-03-16 8 MAR 14 Dm Aef-Telefunken 87 10B Akzo 20 40 -0 8 Allz Leben 620 unch Allz Vers 487.50 -0 5 BASF 137 80 -1.4 Bay H T Wbank 285 -3 Bay Vbank 320 50 -2.5 Bayer 138 BBC 298 -4.5 BMW 226 -2 Cassella 377 Chem Verw 227 -1219 words
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Article185 1978-03-16 8 M AR M Francs Actions Sulsses 260 +2 AlusulsseBr 1190 10 Alusulsse Reg 540 ♦4 Brown Boverl Br 1815 +70 Oba Qelgy Br 1100 +35 Clba Gelgy PC 875 +25 Clba Qelgy Reg 854 10 Credit Suisse Br 2330 105 Credit Suisse Reg 451 11 Elektrowatt Br 1880 +80185 words
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Article233 1978-03-16 8 MAR M Fto ABN 345 00 •1.5 Ahold 99 00 -1 Akro 2150 -1 AMEV 79 80 -0# Am fas 108 00 -0 5 Amrot Bank 74.50 -1 Bergoss 59 00 -3 Berk 98 50 unch Bols 69 80 -0.3 BorsumlJ 139 80 -1.2 Burhmann 68 70 ♦0 3233 words
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Article378 1978-03-16 8 GOLD shares hardened In fairly active trading following higher bullion indications, dealers said. Overseas interest was modest and selective yet helped by a lower securities rand, traded at 80.50(83). they added. Financial minings rose In line with producers In Tight trading. De Beers featured with a 15 cent rise378 words
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Article287 1978-03-16 8 MAR 14 Frs CORBEILLE Air-Llqulde 263 20 +4.2 B S N Gervals Danone 356 +7 C S F (ThomsonCsf) 159 ♦7 Clf Francalse des Petroles 100 -1.5 ("ompagnle Financier? ('ompagnle General® 316 50 +61 Credit Fonder De France 306 -10 Hachetle (Llbralrte) 142 -1 Machines Bull 28 75 ♦0287 words
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Article84 1978-03-16 8 MAR M Frs FORWARD MARKET Arec Arbed Astur Brascan Bru-Lamb 1418 +2 Canpac 479 Cock 349 -3 De Beers 170 1 Ebes 2340 5 Electrobel 9050 unch Ob-Inno-Bm 1855 unch Gev 1234 -4 Hobok 2210 unch Petro 3815 -35 Ryl Dutch 1880 -35 Sidro 668 •2 Soc Gen Belg84 words
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Article1153 1978-03-16 8 New York A SETTLEMENT by coal strike I negotiators to end the 14-week old strike helped stocks reverse early weakness as prices ended higher in another active session. News of the agreement also helped the dollar gain against major European currencies In New York trading.1,153 words
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Article1367 1978-03-16 8 March 14 On the Chicago Board Options Exchange, a total of 114,284 contracts were traded on Tuesday compared with Mondays 117,159. oman Afrm m Mum 2 «m 10 A', m an Ami Trt «A Abi TV) art A»n lai 44 An >i M nt 411 OCT *TUCK1,367 words
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Article194 1978-03-16 8 MAR 14 CS Abltlbl 11% Aican 27% Algoma 18% Bank Mont 18S Bank Nova Scotia 19* Bell Tel 54 Beth Corp BP Can Ltd 14*% Brascan 15% Camp Red Lake 38U Can Imp Bk 26'. Canpac 17(% Canpac In* Pf 15'.B CarllngO Keefe 3% Comtnco 23S Cons Bath 25'%194 words
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Article84 1978-03-16 8 AFP ELECTRONIC communications allowing instant share price comparisons throughout the US will start up on a trial basis next month, stock exchange authorities In New York announced. The "Intermarket Trading System" as It Is known will make stock exchanges more competitive. It will enable brokers to placeAFP - 84 words
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Article59 1978-03-16 8 FINANCIAL TIMES INDUSTRIALS Tuesday 460.4 Monday 95 to 95* H.K. HANG SENG Monday 459 0 Week Ago 444.1 DOW JONES AVERAGE INDUSTRIALS Tuesday 762.56 SYDNEY INDUSTRIALS Wednesday 394 05 Monday 759 96 Week Ago 300 7n Week Ago 746 79 LONDON DOLLAR PREMIUM Tuesday 94* to 95* ALL59 words
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Page 8 Advertisements
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Advertisement226 1978-03-16 8 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 more226 words
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INTERNATIONAL COMPANY NEWS
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113 1978-03-16 9 ASIAN COMPANIES Reuter SAN Miguel and Swan Holdings Ltd revealed audited consolidated operating loss of 392,800 klna (compared with a loss of 729,000 klna previously) for calendar 1977 on sales 7.98 million klna (4.79 million). Loss Is after depreciation of 289,200 klna (267,000)Reuter - 113 words
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Article87 1978-03-16 9 Reuter ROBE River Ltd of Australia said it expects profits will be lower in the second-half-year to the end of June than the A 52.95 million (SsB.l million) earned after tax in the December half. The company said lower world demand for iron ore must have atReuter - 87 words
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Article103 1978-03-16 9 Reuter INDONESIA'S steel rod manufacturers have asked the government to increase Its use of domestlcallymade rods to help boost the production of underutilised factories. Antara News Agency said the 22 members of Apbesi, an association of steel reinforcing rod manufacturers in Indonesia, were producing 200,000 tonnes aReuter - 103 words
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535 1978-03-16 9 Reuter SONY Corp revealed consolldated net profit on U5523.32 (million) (Sss3 million) for first quarter ended Jan 31 (compared with $46.3 million previously). Sales hit $578.84 million ($544.28 million). Income per American depositary share was 11 cents (21 cents). Sony continues to aim forReuter - 535 words
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Article175 1978-03-16 9 AFP THE Japanese government has agreed to participate in an international financial venture to develop oil sand in Canada's Alberta province. A Kyodo News Agency report, quoting government sources, said the decision apparently means national backing of the private Japanese investment venture which, if successful,AFP - 175 words
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248 1978-03-16 9 NORTH AMERICAN COMPANIES AP COLONEL Sanders was not talking about a single 'restaurant when he said Kentucky Fried Chicken's gravy tastea like wallpaper paste, the Kentucicy Supreme Court ruled on Tuesday. The court threw out a libel suit against Harland Sanders, the white-beardedAP - 248 words
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Article66 1978-03-16 9 Reuter FLUOR Corp does not think a takeover of the company Is likely, vice-president and secretary Richard Humbert told the annual meeting. He made the comment In connection with a company proposal, approved by shareholders, that changes its incorporation to Delaware ffom California. Mr. Humbert saidReuter - 66 words
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Article85 1978-03-16 9 CIBA Gelgy's subsidiary Clba-Geigy (Japan) Ltd, Takeda Chemical Industries Ltd and the Japanese government have Joined a third drug co, Tanabe Seiyaku Co. In appealing against a court ruling ordering them to pay damages of 249 million yen to victims of the nervous disease Smon. The damages85 words
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Article161 1978-03-16 9 SIX major Japanese steel firms have asked the government for a loan of over USSIOO million (***** million) from Japan's foreign exchange reserves for advanced payments of pelletised iron ore to be supplied by Brazil, Chile and India, Nippon Steel Corp said. Presidents of161 words
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Article107 1978-03-16 9 Reuter TEIJIN Ltd said it expects a 4.4 billion yen (Ss43 million) pre-tax and special items loss for the year ending this month, compared with a 3.80 billion yen profit the previous year. Sales were virtually unchanged from the previous year's 349.52 billion yen. TheReuter - 107 words
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537 1978-03-16 9 NYT BELL Helicopter, a Texasbased subsidiary of Textron Inc. was barely visible as a company In Iran six years ago, but today It runs the largest operation of any American enterprise In the country, accounting for one-quarter of the 38,000 American employees and dependants In theNYT - 537 words
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Article419 1978-03-16 9 NYT SHARES of the Plttston Co. have been trading close to their lowest prices In over a year, but now that the coal strike has been resolved things are expected to change. Plttston produces highquality metallurgical coal and might be expected to benefit fromNYT - 419 words
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Article113 1978-03-16 9 Reuter UNION Carbide Corp's top executives said profit margins may remain under pressure. Chairman William Sneath and president Warren Anderson said in the annual report growth may not be sufficient to tease the problems which created the current cost price squeeze. In 1977, the company's gross profitReuter - 113 words
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Article181 1978-03-16 9 VOLKSWAGEN of America Inc said charges made against the company by the Environmental Protection Agency were ill-founded and unnecessarily Impugn the integrity of its dealers. The agency charged the company and 12 of Its dealers with violating pollution control requirements. Volkswagen said it spent many181 words
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127 1978-03-16 9 EUROPEAN COMPANIES Reuter A MEASURED easing of UK foreign exchange controls is advocated by Barclays Bank chairman Anthony Tuke in a statement published with the bank's annual report and accounts. Mr. Tuke said government reluctance to take more than small steps to ease exchangeReuter - 127 words
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234 1978-03-16 9 A SPOKESMAN for the Swedish state-owned shipbuilding Svenska Varv AB declined to comment on Swedish press reports that Its 1977 losses were over 2.2 billion crowns. The company which began operations last July, said its losses would be around 1.2 billion. Final234 words
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219 1978-03-16 9 Reuter THE UK government has approved a plan enabling British Leyland to grant wage increases in the next pay round for all Its workforce from November, which for some workers will mean less than twelve months between pay awards. An attempt earlier this yearReuter - 219 words
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Article145 1978-03-16 9 SKF, the Swedish bearings, steel amd machine tools group, shows a fall in earnings for the third year running. Pre-tax profit before extraordinary items and exchange adjustments comes out at 156 million crowns (Ss2B million) for 1977. The comparable figure for 1976 was 256145 words
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Article402 1978-03-16 9 Oil boosts ElfAquitaine's take FT DESPITE heavy tosses in oil refining and distribution, the state controlled Elf Aqultalne group turned in a sharply higher net profit of 1.24 billion francs (about Ssl26 million) for last year on consolidated sales which grew by a gentle one billion francs to 37 billion.FT - 402 words
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Article159 1978-03-16 9 A MAJOR reshuffle at top management level It expected to take place shortly in the Banco di Roma, one of Italy's major State controlled commercial banks. This follows the resignation of Mr. Mario Barooe, one of the two managing directors of the bank. In the last159 words
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Page 9 Advertisements
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Advertisement264 1978-03-16 9 M €t s® m w X'S t jS^r^ I n v a I V w m i i ft a 'i m IB WS I Ri <i«*S if Fff !«S m lI'I.V m JS& m w tin 1 fe 111! '.w f HI K Ci m m W w> DON'T264 words
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DEALS DONE ON THE SES AND KLSE
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Article1317 1978-03-16 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 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal1,317 words
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Article177 1978-03-16 10 Rep Spore D Mark 7% 1982 (100.000) (102*B 103*8) Rep Spore 6 1/2% 1983 (100,000) (102*B 103' iS) Rep Bpore 7 3/4% 1987 (100,000) (998 99*8) 4 3/4% 1/5/79 (250,000) (100.808 100.955) 5 1/4% 15/10/79 (250,000) (101.308 101.458) 5 1/4% 15/10/79 300,000) (1) 101.40 5 3/4% 1/8/78-80 250,000)177 words
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Article192 1978-03-16 10 B O T 8 1/2% IMI (100,000) (1018 101 (1) 101% B O T 7 5/8% 1964 (100.000) (95H8 96 1 aS) B O T Floating 1984 (100,000) (99W8 99%5) C Itoh 8 1/8% 1964 (100,000) 965) LTCB J 1982 (100,000)(99v,B 100S) LTCB J 1983 (100,000) (99*8 100S)192 words
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Article895 1978-03-16 10 BTRDCINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid ana offer prices and business 'done yesterday, with the number of options traded shown In brackets. Sine Darby (March 13.40 (0.408) (5) 0.43 (4) 0.38. St. Steamship (June $2.10) (0.228). Closing895 words
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Article146 1978-03-16 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iMiuim' price for Mar It) (Carraat pi rice*) The Commerce 181 1.92 INCOME BOND 1.10 1.17 The Saving Fund 1 03 l.Otad S pore Pro* Fund 0.86 0.01 MARA BUMIPUTRA FUND (Maaagara' price* for Mar It) Spore Security Fund 198 1.78 First146 words
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Article792 1978-03-16 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number cl shares traded shown in brackets in lots of 1.000 >inlts unless otherwise specified. INDUSTRIALS A«ma (1.638 1.708). Ajin«m*t* (2.428 2.478) (1) 2.42. Alow (2.758 2.748)792 words
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Article437 1978-03-16 10 GLENEALY'B unaudited pre-tax profit for the half year ended Dec. 31,1977 was M 547,241 compared with a loss of $61,478 In the previous corresponding period, mainly as a result of a 52 per cent increase In gross dividend income received from its investments which are in both quoted437 words
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Article70 1978-03-16 10 WEARNES Brothers Ltd has informed the Stock Exchange of Singapore that the Msl million proposed paid up capital of Wire Wearne Malaysia Sdn Bhd Is to be paid for in cash of which 40 per cent will be subscribed by Wearne Brothers and 60 per cent by Koperasi70 words
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Article2446 1978-03-16 10 1977/1978 High Low Company Lwt Sale Gr's Div Div Cti Gr's Net YH P/E Vol Day C090) High Low 8ECTION ONE INDUSTRIALS 165 267 124 262 88* 235 160 291 422 146 132 165 58 212 57 155 144 182 350 91 Ac ma Alcorn Allied Choc2,446 words
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Page 10 Advertisements
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Advertisement123 1978-03-16 10 For a Successful BANKING Career LI T PI A LRA MA I SCRI NEI I study with W)lsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the123 words
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Article, Illustration662 1978-03-16 11 c HESITANT trading across the board made for barely steady and moderately ac- > -tive Singapore stock market < jreotorday. c.. Several counters recorded i modest advances but tbese ■•moeo few and far between. 73 The root of the market moved within narrower limits than was the662 words
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Article587 1978-03-16 11 SELECTIVE trading ruled at the Kuala Lumpur stock market yesterday with prices closing on a mixed to slightly steady note. Traders appeared cautious and generally stayed clear of fresh commitments following Tuesday's bout of profit-taking which left behind a trail of losses in the speculative587 words
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COMPANY NEWS
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Article, Illustration1906 1978-03-16 11 ARTHUR NG - By ARTHUR NG THE Goodwood Park group has convincingly broken from its usual reliance on dealing gains and for the first time in five years has turned in profits from what the public has usually considered to be its main line of business that of1,906 words
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500 1978-03-16 11 A HIGHER group taxation charge combined with a drastic fall in profit from its major subsidiary has led to a 78.7 per cent plunge In pre-tax profit at Ulu Benut Consolidated Industries for 1977 yeaf ended Au S 31 Consolidated group pretax500 words
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Article390 1978-03-16 11 ROXY Electric has managed to reverse a first half setback, when profits were trailing some 16 Der cent behind, into a small improvement in its overall trading results for the year. Pre-tax profits for the year ended September, 1977, rose 1.4 per cent to M 52.614 million.390 words
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Article392 1978-03-16 11 Currant Ex Books Clone Data Total for Total for |w*+lnw ynar Ptynwit Date payable the year Peril* Plantation* 12 5* Feb a Feb 10 Mar 23 22.5* 10.1* Wilkinson Uhi Boaut 10% Mar 14 Mar 30 Mar 30 24* 0* 20* OH(d) Mar 13 Mar 23 Mar 31392 words
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Article, Illustration339 1978-03-16 11 PERAK Carbide's troubles are far from over. Despite its efforts in breaking Into an entirely new field ferro silicon in addition to calcium carbide, the company has been landed with a further loss of M 5322.552 in the current first half ended Nov 30,339 words
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Page 11 Advertisements
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Advertisement133 1978-03-16 11 ASSISTANT OPERATIONS MANAGER $30,000 P.A. Our electronics manufacturing company requires an experienced manager for this position. We are engaged in metal finishing, graphics, and mechanical fabrication operations in Singapore. The individual will report to an American Operations Manager and undergo familiarization with our products and processes. A broadening of responsibilities133 words
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757 1978-03-16 12 AFP Reuter AN UPTURN In economic activity Is now 'appropriate" for Britain In order to take up slack gradually, the Organisation for Economic Cooperation and Development (OECD) said In Its annual survey of the British economy. r Reasons for this include: •tfW needAFP; Reuter - 757 words
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Article, Illustration638 1978-03-16 12 AP UPI ■The DEPUTY Prime Minister of Australia, Douglas Anthony, yesterday called on Japan to take the lead in developing markets in the resourcerich Pacific area In cooperation with Australia. "Increasingly in the future, Japan and Australia's relationships with the countries of South-eastAP; UPI - 638 words
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Article797 1978-03-16 12 LONDON, Wed. The market closed quietly mixed today with the Israeli action In Southern Lebanon weighing on sentlOtOt. dealers said and at 3 p.m. the Financial Times Index was down five points at 455.4. Government bonds met fresh Interest and gained up to point. Yesterday's trade figures and797 words
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201 1978-03-16 12 Agencies THE DEPUTY Foreign Minister of Japan, Mr. Hlromlchl Mlyazakl, told EEC Commission directorgeneral for external affairs, Sir Roy Denman,that Japan will cut import tariffs on 12 Items soon. Mr. Mlyazakl, however, did not elaborate on the plan, which would follow tariff cutsAgencies - 201 words
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196 1978-03-16 12 PHILLIP Securities hai decided not to join the Securities Clearing and Computer Service* (SCCS) when its two-week extended deadline expired yesterday. This mean* that there are now two atockbroking houses that are officially non-members of the SCCS. The other is Lin Securities (Pte). All196 words
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887 1978-03-16 12 SIVA ARASU - By SIVA ARASU THE DRAFT framework of Singapore's gold futures exchange was yesterday received with mixed feelings. Rubber brokers, chief promoters of the project, were naturally enthusiastic. Merchant banks and the gold dealing subsidiaries of commercial banks, on the other hand, were guardedly optimistic.887 words
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IN PARLIAMENT YESTERDAY
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515 1978-03-16 12 JOBS are aplenty but not those that registrants with the Labour Exchange are seeking. This Is the main problem facing the exchange. Vacancies In the construction and shipbuilding and repairing industries are invariably not filled as they are considered "rough and tough". Mr. Sla Kah515 words
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Article577 1978-03-16 12 THE MINISTRY of Labour is currently conducting a review of its work permit policy to ensure that Slngapore's future economic development is not stifled by lack of skilled and semiskilled manpower. This was disclosed by Mr. Sia Kah Hut, acting Minister for Labour, in Parliament577 words
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Article109 1978-03-16 12 THE Government proposes to reduce estate duties under a bill now before Parliament. The bill will seek to double the tax-exempt amount from $50,000 to $100,000. This applies to the estates of those persons whose deaths occurred on or after April 1, 1977. The bill also seeks to109 words
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Article135 1978-03-16 12 CARGO handled at Singapore's ports and wharves maintained a steady upward pace in January, following two years of strong growth. Cargo discharged in January was 11 per cent higher than the corresponding 1977 month and the growth in cargo loaded was 42 per cent. The135 words
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Article70 1978-03-16 12 Reuter FOREIGN branches wanting to provide full banking services through a branch In Hongkong will now receive favourable consideration, Financial Secretary Philip HaddonCave told the Hongkong Legislative Council. In future, it will be easier for banks to be licensed under the Banking Ordinance than have toReuter - 70 words
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Page 12 Advertisements
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Advertisement85 1978-03-16 12 Meet the TOSHIBA 8D702A plain paper copier AN^CONOMOVLXOCT t m i** FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT HIRE PURCHASE OR RENTAL TERMS For further information, call Allan Tan FIIIMTRfIH 60 orchard Road Sin 9aP° re 9- Telephone 404 LlfUHl HUH A Member of the Inchcape85 words
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Article4266 1978-03-16 13 SCHEPPIE 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 SeanDotch has a Joint service4,266 words
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Article668 1978-03-16 13 Ahll Shipping Sharjah Algerian National Line (CNAN) Unipaclfic Alpac Line lntrasea Anhsing Line Strongwill Angkutan Pertambagan Eastern Way Angkutan P. (Cont. Service) Straits Shipping A PL (American President Lines) APL Arya National Shipping Ocean Shipping Australia Container Service Star Shipping Australian National Line Jardine Australia Straits668 words
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Page 13 Advertisements
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Advertisement397 1978-03-16 13 MAERSK UNE SERVICE MI THC MY SINGAPORE *****46 PENANG *****1 K.LUMPUR ***** P.KELANC *****0 I SHIPPING TO SOUTH PACIFIC ISLANDS GUAM FEEDER SPORE KOBE MOTHER 3/4 14/4 A msd <23/421 KOBE LOAbING FOR 25/4 SUM. PAPEETE. PAGO-PAGO, APIA, SUVA. LAUTOKA. NOUMEA. TARAWA HONIARA THE BORNEO COMPAMT PTE ITO 71 ROBINSON397 words
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Advertisement175 1978-03-16 13 NOTICES FAR EASTERN FREIGHT mYT M i J'[J BABAH, BRUNEI SARAWAK FREIGHT CONFERENCE NOTICE TO SNIFFERS LATTAKIA CONGESTION SURCHARGE Reference Is made to the notice In the press on Saturday, 19th November, 1977. The member lines of the above Conferences have reported that port conditions have again deteriorated at Lattakla175 words
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Advertisement22 1978-03-16 13 SEA LAND Off/ KFMCEMTED COtTTAMEf SERVICE NEXT MIDDLE EAST VESSEL WORLD LION V I 40TH FLOOt, HONG LEOM UK, 11, MFFIfS QUAY22 words
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Page 14 Advertisements
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Advertisement724 1978-03-16 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE Him* Maru H*4w|Eipws Oialußaji EXPRESS CONVENTIONAL TO EUROPE S pan f Kel»| Pen B'Lmu Genoa Hburj B haven Rdam ««erp S*pta« Rickmtn Sailed in Pt sailed 4 4 XB/4 16/4 13/4 Buntenitem 20'3 6 4 1° ''•'4 14 4 16 4 *M Lawthardt 29/3724 words
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Advertisement601 1978-03-16 14 I £2 SANKYO LINE AUSTRALIA SERVICE P. KaiMC Sinpuri LoadMf for THREE STAR IN PORT 25/26 Mir FRCM, AOCL, MEL, SYD SEABLOOM 19/20 Mar 17/11 Mar MtS, STD KYOSEIMARU 30/31 Mar 1/2 Apr FRfM, ADCL. MEL MAY SKY 30/31 Mar 1/2 Apr BWS.SYO KYOTEN MARU 14/15 Apr 10/17 Apr ADEL,601 words
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Advertisement481 1978-03-16 14 SEAJ/iLAND U.S.A./ ASIA SERVICE ORY RfFUGERATED CONTAINER SERVICE SAIIING EVERY WEDNESDAY FOR PORTS iN USA, CANADA CAD ME AM. JAPAN. ROSEA. TAIWAN HONG KONG THAILAND ANO PHILIPPINES 40TH FLOOR. HONG LEONG BLOC, 16 RAFFLES QUAY SINGHPORf 1 Customer Semite Book.,i| *****2? Terminal ?5? ?~a3 *****37 AISO ACCEPTING CAKO FOR SAVONA481 words
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Advertisement979 1978-03-16 14 Biom Fivt Star Sfcippwi Corfu. 'BURMESE NATIONAL LINE IOAOIM FM RANGOON fHASMKCTMIW 8 f SS C Agents in Mnloywa TEPS MALAYSIA Port Kelong Tel (38) 7355 Penong Tel *****/ ***** LOADING FOt DURBAN. CAPETOWN BUENOS WHS PATAGONIA ARGENTINA Transportation Maritima Maxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEIICO t CENTRAL979 words
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Advertisement724 1978-03-16 14 JARDINE— ANTAH Orient Overseas C<uUd*te4 Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I'pen P. NERCATORSN la part H. (Otf CONTAINER 9M JWJ ORIENTAL CHIEF 8N SSEAS BRIDGE 15N 15/4 ORIENTAL RESEARCHER II ZU4 CHEVALIER PAUL 1M a/4 WEPTIMIC COM! 7* 4/5 NEPTUNE PEARL M 14/5 All jreaeh call UM|724 words
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Page 15 Advertisements
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Advertisement1286 1978-03-16 15 OCL Overseas Containers Limited tmnmacm soma ti h/cmtiiot: 9wm P. Umi PMprk In*. i*wi N»»re «x 24 Mar 2« Mar 14 Apr II Apr 17 Apr (22 Apr) 12 ST Mar ft Mar It Mr a Mr Mr a Mr 1/ S Mr 7 Apr 21 Mr Apr 21 Mr1,286 words
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Advertisement1282 1978-03-16 15 Ben Ocean Ajctnt service of Ben Line. Blue Fhnnel den Line and NSMC T» or/continent (Ma sau) P. X*i«ng 1/ 4 Mr 11/15 Apr 11/11 Mr 11 Mty Bilbto. Mist, M bur*. Out L'pool. 11/1S Apr 11/11 Mr 12 M*r L.soot. Lkmi ml 27/20 Mr 1/ I Kay 1/ 41,282 words
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Advertisement949 1978-03-16 15 BLC KMUII •MM itfl NAMIURt limt) •UU UT BENAVBH BENLINE CONTAINERS LOOTED m'iuk i HA»t« boa* havre scitm Singapore P. Kllwt W. Gerwa«y Mttna Beaelial France All U.K. Scin-iM" n Mar jf Mw Apr Tl Mr Apr (It Mr) 11 Apr 77 Mar n Mar llAprnAprnAprjaAawT7Mr a Apr ?Mr »W949 words
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Advertisement1005 1978-03-16 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Feeler ham f. >t!m| Veisti ILEANOIA II I UUIIII ELEANORA 1| NiiO* f AUCISCA IV 1 Ml. bEIIHA i 11/1 nrtu FIANCESCA U/ 4 Rl lltil Spore I) Ms*.ltd 7) Rdam 3} Hburg 4] cburg 11/ I 1/1,005 words
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Advertisement731 1978-03-16 15 GUTHRIE BOUSTEAD SH,,fW THK BANK urn LTD. LftAK FM L ft t AFtICA BLIVEBAIIR (Mrant.M, Reun.on. M btsa Tanfi, ftrira. Ourban I 1.. I Prnanf P. Kiim H/J) Mw S sort IT/M K> TISTUM Mauritius. Reun.on o»»han. t.L. M Sa»*toN) Penanf P. Relaxf 11/ M Apr S'fp-* 13/1? t|r tw731 words
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Page 16 Advertisements
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Advertisement1048 1978-03-16 16 ~\T?\ "K" LINE 3E FULT CMTAMBHSa SEWICE Tl OUK (VU SfEfl S'port P. Retort LHwre HTwrg Brrine« R"(tor MEKATBR SW li Part 17 Mar S Apr Mr 7 Apr I NMCKONS CONTAINER !W 31 Mar 1 Mr 21 Mr 21 Mr 22 Mr 23 Api ORIENTAL CHIEF IV IMr II1,048 words
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Advertisement1171 1978-03-16 16 E.C.-RJJUATUUmC/80LF SERVICE tcunw ret An mis ma rim. r. mm. muk Lpadag fff: HMfCU. NEW T««. S apgoi P. Uwi HIM Nun "VISNVA VIIRAM" (NRSA 21 Kl) 1 Apr 1/ Agr M* 8 E. C./GREAT LAKES SERVICE Ln4.1l Iff: NORFOLK, NEW Vl*. MMTHAI. TORRNVR, ASNTARULA. »m«IT. CNICABO. Ptnang Bela«an Hell"!1,171 words
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Advertisement1119 1978-03-16 16 •FULLY CONTAINERISED SERVICES: re fiupc ivu mzr P bUti naita Iftart MERCATOtt la Part HON6IINC CONTAINER 11 Mar ORIENTAL CNIEf I A* SEVEN SEAS HIKE IS A* 1 ORIENTAL RESEAKNEI 22 Afr CHEVALIER PAUL 21 M NEPTUNE CORAL 4 Hay NEPTONE'PEAIL 14 Ma? 'All rasrts call la tan artar FROM1,119 words
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Advertisement832 1978-03-16 16 Wi MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCPHAD in.-1L aim EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/CONTINENT/SCANDINAVIA mr bmm feeder (UiHOli Uliaoai '«t*ctsc» aimoii nuHcisct f Kel»n< Vessel I*/ 1 Sf LIMA 1 NINM 1 Ml. MJIMA 11/ TOT AMI a/ 4 MMISM n 'on S'pore 1) NMillts 2) Mm 3) HMg832 words
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Advertisement716 1978-03-16 16 INTRASEA (PTE) LTD. KMUI MKKMCr SOVICI T| IMK S pon P Keltng Piwf LMfc|Fir ■.V FWII 23 M* II te A wtrp R"fian- "H'boßk. VU'. AESIS BALTIC IS Apr I Apr SWTdam H'6 U A'awrp. B.V. LN VWAY 25 Apr 20 Apr A wefp/ITtoii/JCPr •linnn Timet 81/ l Mr «mt716 words
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