The Business Times, 17 March 1978
1978-03-17
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The Business Times
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Title Section11 1978-03-17 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, MARCH 17, 1978 50 CENTS11 words
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BRIEFLY...
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Article81 1978-03-17 1 UPI. WASHINGTON, Thurs. Despite the adverse effects of bad weather and the coal strike, US Industrial production rose by 0.5 per cent In February to register its best performance since last summer and recover somewhat from a steep slide in January. The February increase was in sharp contrastUPI. - 81 words
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Article69 1978-03-17 1 AP. ROME, Thurs. Fortner Premier Aldo Moro, considered Italy's most influential politician, was kidnapped today by gunmen who killed all five members of his body guards. The kidnappers are believed to be members of the Red Brigades, Italy's most feared urban guerilla group. Fifteen of its leadersAP. - 69 words
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Article60 1978-03-17 1 AP NEW DELHI, Thurs. Although the IndianBritish trade gap narrowed last year, India's import restriction continue to hinder the sale of British goods here, British Secretary of Trade, Edmund Dell, said today. The trade imbalance, which has been in India's favour since 1973, dropped in 1976 from £148AP - 60 words
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Article67 1978-03-17 1 AFP. KUALA LUMPUR, Thurs. Singapore and Malaysia started talks on the renewal of the air service agreement between the two countries today. The talks are a follow-up to the three-day discussions on the issue in Singapore last month. Singapore is understood to be seeking a daily flightAFP. - 67 words
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Article60 1978-03-17 1 UPI PARIS, Thurs. Violence erupted in France's parliamentary election battle today as Left and Right wingers squared off for next Sunday's crucial run-off amid Increasing cautious predictions of a Centre-Right victory. At Voiron, in south eastern France, a bomb early today wrecked the local Gaullist Rally for theUPI - 60 words
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Article76 1978-03-17 1 AFP JAKARTA, Thurs. Indonesia lostsome US$lOO million (Ss23l million) in oil revenues last year because of the declining value of the US dollar. Mining Minister Mohammad Sadli said yesterday that Indonesia was in favour of Increasing the current oil export price to compensate for the dollar's decline. HeAFP - 76 words
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Article65 1978-03-17 1 AFP. TOKYO, Thurs. A Hongkong-bound Singapore Airlines Boeing-707 Jetliner with 137 passengers aboard returned to Osaka International Airport this afternoon after developing trouble in its oil pressure equipment. There were no injuries. According to an airport official, the pilot of the jet found the fault when itAFP. - 65 words
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Article66 1978-03-17 1 UPI NEW YORK, Thurs. Stocks headed lower early today amid reports of renewed fighting in the Middle East and the dollar's slide on foreign exchanges. Trading was active. The Dow Jones industrial average, which fell 3.98 points yesterday, was off 2.43 points to 756.15 shortly before 11 a.m.UPI - 66 words
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Chief Price Changes
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Article134 1978-03-17 1 Rises Tronoh Mines 560 +20 Alcom 280 13 M Flour 334 10 Kuala Sidim 160 +9 Nat Iron 370 +8 Batu Lintang 164 +8 Kulim Msia 133 +7 U AC 242 +6 Nanvang Press 225 +6 G E Life 955 +5 Guinness 500 +4 St Steamship 235134 words
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Article, Illustration153 1978-03-17 1 Rises Berjuntai 7.20 .20 Sel Dredge 4.30 .16 S.H. Chan 2 32 .14 N. Iron 3.80 .14 M. Glass 1.39 .13 Pac Dev Cr 2.55 .12 Atcom 2.87 .12 M. Flour 3.44 +.12 N.S.T. 3.80 .12 AJlnomoto 2.52 .10 Utd Plant 2.42 .09 Kullm (M) 1.39 .08153 words
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608 1978-03-17 1 IN THE High Court yesterday, Mr. Justice D'Cotta ruled in favour of the vendors of Golden Bay Realty. Mr. Chng Heng Tlu and Mr. Chng Heng Kaong, In their case against Slme Darby. The Judge held that the shares of Golden Bay608 words
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Article1036 1978-03-17 1 Our City Staff - By Our City Staff MARKET rumours of bonus issues from the Slme Darby group of companies were confirmed last night with three of them Consolidated Plantations, Kempas and the parent itself making such issues. By far the most generous came from Consolidated Plantations which proposed1,036 words
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Article739 1978-03-17 1 SIVA ARASU - By SIVA ARASU THE GOLD futures market is likely to materialise by the end of the year or even sooner. However, the market will have to be competitive If It is to generate a viable volume of business, said Mr. John Curran, director of Singmas739 words
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444 1978-03-17 1 I PRICE Waterhooae of Sings porr has dnitd ilkpllNa of negligence and breach of contract in it* valuation of four million iharti in Consolidated Hotels Ltd. filed in a writ against the auditing firm and Moscow Narodny Bank bv two Hongkong business people.444 words
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593 1978-03-17 1 JOHN TAN - By JOHN TAN THE FIRST government bond offering this year Is expected to be set for midApril at the latest, market sources say. The issue will probably be large considering the Government's higher financing needs this year. Indications that it will be sizeable593 words
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Page 1 Advertisements
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Advertisement9 1978-03-17 1 COPIES ANYTHING. FITS ON A TABLE-TOP <mW MINOLTA EP-19 words
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Advertisement158 1978-03-17 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much the same facilities to their customers. But what makes one bank better than the other is its service. Whether you are opening a letter of credit or you need158 words
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Advertisement71 1978-03-17 1 SEE PAGE C [IGMDS SHIPPING TIMES COMPONENT industry provide* satisfactory back-up PEOPLE in business RESPONSE to Asean fair ARABS forminf shipping cartel TREASURES of the modernday pirates WHAT is appropriate technology 7 FORUM with John Drysdale 7 INTERNATIONAL stock markets 8 CALL to protect Malaysia's textile industry 11 DUNLOP Estates71 words
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Advertisement284 1978-03-17 1 ST SINTAT Rent-a-Car >YQP| rm 0' P:StR; i (IV Singapore *****55. *****5 (Airport) Kuolo Lumpur *****4 Penong ***** Kuonton ***** mWi'MMIM SPECIAL ECONOMIC MISSION FROM MAURITIUS In addition to the already attractive package of incentives enjoyed by investors In Mauritius Export Processing Zones (MEPZ), the Government of Mauritius is resolutely284 words
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TRADE AND INDUSTRY
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Article181 1978-03-17 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS March 17 Maintenance concepts applicable to Singapore Hyatt IREE Mar 21-23 Limit State CP 110 Design* Sea view Compa International Mar 27-29 Prestressed Concrete Design Seavlew Compa International Mar 27-28 Costing and Financial Analysis for Marketing Managers Hilton Price Waterhouse Mar181 words
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Article432 1978-03-17 2 JOHN LIM - By JOHN LIM LOCAL manufacturers of electronic consumer products feel that the level of support from component manufacturers Is satisfactory. However, some components are still imported for a variety of reasons including price and quality. This was their reaction to the Senior Minister of State432 words
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Article, Illustration246 1978-03-17 2 MR. Lee Fook Hong has been re-elected chairman of the Singapore Association of The Institute of Chartered Secretaries and Admnlstrators for the year 1978/79 at the AGM held on March 14. Other officials elected are: Mr. Lee Fook Hong (Chairman); Mr. Chung ratt Yat (vice-chairman): Mr. Philip246 words
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Article, Illustration457 1978-03-17 2 Reuter. HONGKONG and Shanghai Banking Corp deputy chairman, John Boyer said he welcomes the statement of Hongkong's Financial Secretary, Philip HaddonCave easing the moratorium on the Issuing of licences to foreign banks. The banking Industry must be prepared to accept competition, he said. Mr.Reuter. - 457 words
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Article340 1978-03-17 2 TEXTILE negotiations between Hongkong and Norway may be re-opened later this year, the Hongkong director of trade, Industry and customs, David Jordan said. The negotiations were suspended last December because Hongkong could not accept large cutbacks in quotas demanded by Norway. Mr. Jordan said he received340 words
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405 1978-03-17 2 CHARLES CHAN - •Y CHARLES CHAN in Kuala Lumpur MALAYSIA, which has been allocated the largest floor space for national pavilions at the Asean Trade Fair in Manila (May 7 21) will be fielding only 12 participants. They will be exhibiting their goods and services at405 words
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Article150 1978-03-17 2 DEMAND for automated business and banking equipment will Increase this year, according to market studies by the US International Marketing Center (USIMC). Sales in Singapore may Increase by 15 per cent over last year and the US share is expected to remain constant at the150 words
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293 1978-03-17 2 AP. MALAYSIA Is to set up a rubber technical advisory service centre soon. The chairman of the Malaysian Rubber Research and Development Board (MRRDB), B.C. Sekhar said the search for a suitable site for the centre is still on. Dr. Sekhar added thatAP. - 293 words
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206 1978-03-17 2 AFP. WITH just over 50 dtyi to go before its first anniverssry, the Hongkong Commodity Exchange is expected to notch a 12-month turnover of more then US$2OO million (***** million). This estimate was given by the chairman of the exchange, Mr. Peter Scales,AFP. - 206 words
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Article67 1978-03-17 2 SOUTH Korea has opened up part of Its domestic market for partly foreignowned companies licensed for exports. Economic Planning Board officials said 39 such firms in the agricultural, llverstock and fishery industries, previously required to export all or part of their products, will now be67 words
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Page 2 Advertisements
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Advertisement295 1978-03-17 2 Why hasThejfournal attracted so many readers in its first year Because only The Journal gives people so much of what tnev need to know inbusiness. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day. With the most comprehensive reportage of regional295 words
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Page 2 Miscellaneous
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Miscellaneous628 1978-03-17 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I What cigarettes cost! (0) 7 Always over mere eccentricity (8) 8 A tale of one city! (4) 10 Many too many may have four leaves (0) 11 Dusty being sick In the sea (0) 14 Money in the safe, especially (3) 18 Mostly a628 words
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OVERSEAS
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661 1978-03-17 3 Reuter, AFP. THE BANK of England has predicted that British economic expansion next year could be significantly more rapid than this year, and it cautions against giving a large fiscal stimulus to the economy at this stage. The UK annual budget, widely expected toReuter,; AFP. - 661 words
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Article248 1978-03-17 3 Reuter BRITISH interest rates are likely to remain around current levels for the next few months. Alex Dlbbs, a deputy chairman of National westminster Bank said earlier expectations of a rise in industrial loan demand in recent weeks have not been borne out and demandReuter - 248 words
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Article260 1978-03-17 3 Agencies. THE British government has announced new measures to safeguard jobs including subsidies totalling £300 million (SSI.3 billion). The subsidies should help to maintain in employment this year 80,000 workers threatened with redundancies in such sectors of industry as textiles, clothing and footwear. Minister of EmploymentAgencies. - 260 words
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Article244 1978-03-17 3 Reuter THE recovery of the Swiss economy will lose further strength through reduced price competitiveness of Swiss goods on International markets and the stagnation of public spending in Switzerland. The Commission for Economic Affairs at the Swiss Economics Ministry said the majority of Swiss Industrialists expectReuter - 244 words
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WORLD IN BRIEF
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Article533 1978-03-17 3 Agencies. A GROUP of top British businessmen has asked Prince Charles to become an Ambassador for British Exports, the Dally Express reported yesterday. The newspaper said the 29-year-old Heir to the Throne, now touring Brazil, has accepted In principle. The Job would carry a salary well overAgencies. - 533 words
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358 1978-03-17 3 Agencies. THE UNITED Mine Workers' bargaining council approved a new tentative contract on Wednesday night and sent it to the American coalfields for miners to ratify and end their 100-day coal strike. The vote was 22-17, ao cording to a council member.Agencies. - 358 words
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726 1978-03-17 3 OUTLOOK NOT BRIGHT Reuter. US FEDERAL Reserve Board chairman, William Miller said the US dollar's fall since September could add 0.75 per cent to the inflation rate. He told the Senate Budget Committee that the lack of progress against Inflation could erode the dollar'sReuter. - 726 words
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Page 3 Advertisements
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Advertisement376 1978-03-17 3 r z a tat, •< '4 f M hJ* ti .A: S K 1" kfe. UCt- <• «r 4 .*•> >*r" s rr- II *1 y% vW<:"S ft /f <fe M Ml v» s? -■dL Yi V x I !>:■ m ih* F* ■h < w vf" ftX s <-■»376 words
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RAW MATERIALS
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Article416 1978-03-17 4 THE Singapore market closed very quiet with April One RSS buyers quoted at 204.75 cents/ kilo yesterday, down 0.50 cent on Wednesday's close. Dealers said the afternoon session was dull and featureless. The morning market closed slightly lower with April One RSS buyers quoted at416 words
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Article30 1978-03-17 4 Robber: March 1C: Singapore: April 204.78 cent* (down 0.50 cant) Malayaia: April 207.78 cenU (down 0.2S cent) Tin: 11,502 («P 812) Official offering: 227 tonaea (down 24 toanea)30 words
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Article301 1978-03-17 4 Prices In cents per kilo yesterday Noon (per kilo) Close (per kilo) Int. 1 RSS prompt f o b Int. 1 RSS 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. Buyers301 words
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Article98 1978-03-17 4 NOON SSR and SMR prices yesterday: (US April May (Current Mtk) (For ward Mtk) Bu>f! Seller* Buyer* Seller* SSR 20 (1-ton pallet) (eei lUperkc) (en iteperkf) 194.00 198.00N 195.00 197.00N SSR 50 (1-ton pallet) 192.00 194 00N 193.00 195.00N MRELB SMR5CV (1-ton pallet) 214.00 215.008 214.50 21998 words
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Article70 1978-03-17 4 C.I.F. US dollars per ton. LONDON: Wednesday Previous Malaysia SHtta bulk May Sumatra 5%ffa March April May June June/ July Aug Nigeria 5Sffa bulk ROTTERDAM Sumatra April Zaire (Belg francs per kilo) 800 sir 590 pd 620 slr/915 pd SlOslr 580 Slr/575/ 572 pd 575/570 pd 545 sir70 words
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Article185 1978-03-17 4 THE Straits tin price in Penang rose Msl2 per plcui to $1,592. The rise was mainly due to reduced supplies of tin metal from miners coupled with some light buying interest from Japan and local dealers, dealers said. Turnover fell to 227 tonnes from Wednesday's 251 with no185 words
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Article224 1978-03-17 4 BANGKOK: Prices in the rice shipment market rose US$5 for white rice and loonzaln yesterday. Prices of broken and parboiled remained unchanged, while 100 per cent second grade loonzaln Increased to $392 from the previous $387. US dollar per tonne fob basis Bangkok. White Rice: 100 pet Ist claaa224 words
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Article361 1978-03-17 4 ALL grades of pepper fell by $2.90 per plcul In a quiet Singapore produce market yesterday. The top grade Muntok AJta white was quoted at $410 per picul f.o.b. At this level, the Indian pepper dealers were still underselling local dealers. A slightly easier undertone ruled In the361 words
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Article172 1978-03-17 4 TERMINAL cocoa In London yesterday morning staged an early £40 limit advance In thin deaUngs. July hit the limit at £1,855 while gains in other positions ranged from near limit to £22 per tonne. Traders said sentiment was possibly Influenced by reserve of West African origins which now appear172 words
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Article122 1978-03-17 4 THERE was no fresh news to affect fundamentals and market trading was largely influenced by technical factors and chart considerations in London yesterday morning. Arablca futures opened quiet, mostly $5.25 down to $0.95 up from Wednesday's close. On Wednesday, futures held basically steady throughout the morning mainly on chart122 words
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Article241 1978-03-17 4 THE market was quiet at the morning opening In London yesterday, with prices tending to ease back from steady kerb levels on lack of fresh news to encourage follow-through Interest to the recent technical rally. The London dally raws and whites prices were both reduced £1 to £98 and241 words
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Article310 1978-03-17 4 i THE sugar market closed slightly easier with losses around 0.00 US cents In i dull, featureless trading yesterday. Traders squared up their May open positions ahead of Its turning into the spot month in April. The Hongkong dally spot price fell 0.05 to 7.50 US cents. Sugar310 words
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Article180 1978-03-17 4 SOYBEAN futures In Chicago on Wednesday kept churning, swinging In a 20cent price range to either side of Tuesday's close before closing two cents a bushel lower to three cents higher. The market still displayed a lack of direction, leading some traders to speculate the recent advance May be180 words
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Article168 1978-03-17 4 WHEAT futures In Chicago on Wednesday traded to either side of Tuesday's close in light early dealings before slipping to the downside and losses of 1/4 to 11/4 cent a bushel at the end of an hour of trading. The market was influenced by the changing directions In soybean168 words
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Article401 1978-03-17 4 Source: Singman THE kllobar in Singapore opened at 8*13,782 and closed at $13,820. In London, the metal opened at U*****.40/70 and rallied to 8184.80/90 before easing off to a low of $183.80/ 184.10. However, the market closed higher at $185.00/ 30. Retail prices per tael quoted by the StnsaDoreSource: Singman - 401 words
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Article233 1978-03-17 4 WIREBARS finished In London yesterday morning showing all round losses of £5.50 per tonne. Values declined on the early p re-market under pro-fit-taking and liquidation prompted by the late overnight trend at New York. Outside demand remained slow, traders said. Sales were 4,550 tonnes. Cathodes lost £5 for cash233 words
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Article169 1978-03-17 4 SILVER showed losses of 0.9 pence all round in London yesterday morning. The market showed a sagging trend under moderate selling prompted by the late downturn at New York and the fall In gold, combined with generally lower base metal markets. Offerings were fairly well absorbed by short-covering. Turnover169 words
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Article69 1978-03-17 4 ZINC In London yesterday finished the morning with losses of mostly £3.50 per tonne. This metal was marked down on the early premarket In sympathy with the general trend although values were relatively steady In the ring during modest two-way trading. On Wednesday, zinc finished with gains of mostly69 words
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Article55 1978-03-17 4 LEAD closed the ring with losses of mostly £2.50 per tonne In London yesteraay. Profit-taking and liquidation on the pre-market took prices back from Wednesday's higher levels following the downturn In copper, dealers said. Three Months traded down to £314 but losses were pared in the ring under light55 words
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Article66 1978-03-17 4 THE Malaysian Minister of Finance has fixed these rates from Mar. 16 until further notice: Rubber 206 7/8 cents a kg, copra 9917.67 a ton, palm kernel 9239.03 a ton. The rates of duties payable are: rubber 35 5/8 cents a kg, research cess 1 cent a pound,66 words
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529 1978-03-17 4 EEC Farm Commissioner Finn Olav Oundelach said the commission is not considering imposing a tax on US exports of soybean meal and oils to the EEC. Addressing the European Parliament, he said the EEC's open door policy on its imports of529 words
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MONEY AND EXCHANGE$
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Article525 1978-03-17 4 THE US dollar plunged to a post-war low against the Japanese yen yesterday on the foreign exchange market as sellers unloaded the U8 currency. The dollar went below the 232.00 yen mark after heavy selling to 231.90 at about the time of London's opening. Opening at 233.10/20, the525 words
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Article41 1978-03-17 4 THE AVERAGE prime rat* of banks in Singapore stands Wlt between per cent and 7Vi per cent. Ototmo-CUmm Banking Corporation Is at the lower end of the range wkile a number of banks, including Estrr'-i* fttll B d41 words
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Article118 1978-03-17 4 Asian rates ASIAN currency deposit interbank rate* u at ckow on Mar 16: 7 day* 1 mth 2 mth* 3 mth* 8 mth* 9 mth* 12 mth* .7 .7 I/M .7 via .7 via .7 va .7 u/ia .7 ivia a 7/a a ivia 7 l/ia 7 via 7 l/J118 words
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Article62 1978-03-17 4 Euro rates LONDON Eurodollar deposit* opening quota on Mar It: OverrUftit 16-15/16, 19-13/16 Weekend 2-6/16. 1-7/16 Mon/Tuce 6-15/16, 6-13/19 Call two day* 6-7/8. 6-3/4 f ff 1 <4 T 2 One mtl) 7-1/16. 6-1VI6 Two BUM 7-3/16, 7-1/16 Three bum 7-5/16. 7-3/16 rour mu« 7-7/16, 7-4/J0 five ntha 7-1/1. 7-3/162 words
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Article59 1978-03-17 4 AUSTRALIA/HZ exchmsirta quote* 0(1 liar 16: Aaalate: US dollar MM/ ***** Sterling 0 6006/ 0 9«36 Ninety-day air mall buying ratm: Sterltaf 0.6111 US dolfcrt MM buying rate* Sterling 0 6000 US dollar 1 1363 NEW ZEALAND: Btertlnf 0 3370/ 0 1341 US dollar 1 0236/ ***** Ninety day59 words
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Article45 1978-03-17 4 RANGE OF price* offered b» count nou— on Mir i«Overnlfht 2 3\S Call deposit 3** Cloain 3-Month Buyl«« mum Treuury Mill 3 3/14 3 1/16 3-Month BankM!U 4 7/» 43/4 3-Month CD S 4 7/8 6-Month 5 3/8 51/4 Sou"* NsUmmI Dtoonnt C» Ltd.45 words
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Article59 1978-03-17 4 ZURICH exchtncM closing quo ite* on Mar IS: US *****-0425 Sterling 3 7011-705# Out 1 7274-7298 D Mk 94 7186-8857 O n 88 8883-8408 r FY *****4-1024 B FT 6 0888-0070 0 Kr >4 3888-4415 N Kr 38.3080-3860 8 Kr 41.8341-8884 Ut 0 2258-2262 Aim 8ch 13.1646-1874 Port 4.7214-77J759 words
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Article44 1978-03-17 4 FRANKFURT exch&nr m opening quote* on Mar it: US 2.0490/70 cui i(ioo/noo Sterling 3 .90/91 o fi n am S Fr 106 05/107 25 Lit 2 375/308 r Fr 43.27/47 N Kr 30.29/35 B Fr (con) 0.419/425 B Fr (fin) 0.41/42 Yen 0.0709/000544 words
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Article165 1978-03-17 4 WEDNESDAY'S dollar closed slightly weaker against major currencies in relatively quiet trading. Dealers said the dollar appears to have found a stable level for the present, following a positive response to news of a coal strike settlement although the general trend still is downward. Developments in the Mideast165 words
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Article239 1978-03-17 4 YESTERDAY'S dollar resumed Its .downdrlft against leading currencies In relatively quiet opening trading. Dealers said selling was not aggressive and profittaking made for two-way trading. The dollar eased to 2.0385/95 marks from Its early 2.0440/60 and 2.0470/85 overnight here while the yen was strong at 232.10/30, around Its highest239 words
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Article164 1978-03-17 4 THE US dollar for overnight delivery closed at 235.00 yen yesterday, compared with a 233.10 opening. The Bank of Japan bought an estimated $400 million Initially at 233 00 but soon left the market and did not intervene again. The dollar then fell to postwar record low of 232.30,164 words
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Article133 1978-03-17 4 YESTERDAY'S U8 dollar closed lower across the board In moderately active trading. An earlier small rally following news the United Mineworkers bargaining council approved a tentative coal contract was reversed after publication of Japan's preliminary $2.33 billion trade surplus In February. The dollar cloaed at 2.0445/ 60 marks compared133 words
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Article281 1978-03-17 4 Straight* BM Oflhv Citicorp 0* 00 07.00 00.00 FTIStf 0*07 Citicorp 7 81 97.00 90.00 97.25 90 00 Panama9M82 00.90 00 00 Oourtaulds Flnasa 9 02 00 79 07.90 £Sut»%n 97 2# 00.00 United Biscuits 00.02 00.02 PUomstc 9 80 00.00 100.00 low 87 100.23 101.00 Caveham 9W07 00281 words
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Page 4 Advertisements
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Advertisement133 1978-03-17 4 o* c study with Wolsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC GCE A Level MCE/SCGCE 0 Level London/AEB GCE A O' Levels Modern Mathematics for Teachers Foulks Lvnch LA>NDON Ass of Certified133 words
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TRANSPORT
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Article212 1978-03-17 5 AN AUBTRALIAN firm, Rustproofers Pty., has developed a new cargo surface coating, claimed to be an economical and safer alternative to the conventional cleaning and maintenance of cargo holds. The development Is of 6 articular interest to Ingapore shipyards which have to maintain ships212 words
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Article175 1978-03-17 5 AP. NORTH Atlantic grain freight rates inched upwards on the London freight market on Wednesday as grain houses had to pay slight premiums to attract tonnage to a recently far from lucrative area. This was clearly reflected in trans-Atlantic rates when three March ships were worked fromAP. - 175 words
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Article, Illustration1016 1978-03-17 5 CHAN BONG SOO - SHIPOWNERS PLAN CARTEL "y CHAN BONG SOO ARAB shipowners outside the conference system will meet next month to plan an association aimed at winning a larger share of the West Asian trade boom for themselves. The meeting, to be held in Sharjah, United1,016 words
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234 1978-03-17 5 VOSPER Shlprepalrers, part of British Shipbuilders, has won a £2 million (598.8 million) order from Shell Exploration which could Increase the UK yard's Southampton workforce by nearly 20 per cent this year. The move is a major diversification into offshore engineering, which will234 words
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Article, Illustration402 1978-03-17 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Villa (B. Barge) (after SBS III) 48 Izuml Maru (JFSW) (after Bezhltsa) 31/32 Kaga Maru (JFJK) (after Luna Maersk) 42/43 Kota Ball (after Centaur) 44 Mlnetaka Maru (1500 after Petrstarostln) 25/26 Ocean Supply (B. Barge) (after Cherry Vllja sails) 48 Royal402 words
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Article, Illustration189 1978-03-17 5 THE TRIO Consortium's large container ships operating on the Europe/ Far East route will resume direct calls at the Taiwanese port of Kaohslung next month. Trio's Osaka Bay. which sailed from Europe on March 13, calling first at Singapore on April 1, Is189 words
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Article307 1978-03-17 5 Agencies. PRESIDENT Carter has ordered US aviation authorities to delay retaliatory action against Japan over a flying rights dispute until March 31. The disagreement with the Japanese began when they refused to allow Flying Tiger Lines, a US all-cargo carrier, to fly between theAgencies. - 307 words
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218 1978-03-17 5 PAKISTAN International Airlines raised Its profit for the second half of 1977 by 24 per cent to 172 million rupees (SS4O.2S million), from the second half of 1976 level. Revenue was also up by 24 per cent to 1.66 billion rupees. Air218 words
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Article143 1978-03-17 5 UPI LARGE supertankers will be barred from Washington's Puget Sound pending completion of a Coast Guard study, US Transportation Secretary Brock Adams said on Wednesday. The Supreme Court last week rejected a Washington state law designed to protect the Sound's waterways, saying less strict Federal standardsUPI - 143 words
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Article745 1978-03-17 5 ARRIVALS Service Local Operator Number Time From KAL KE807 0015 SEL PAA PA005 0215 SFO/HKG CAL CI331 0040 TPE/HKG/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP745 words
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Page 5 Advertisements
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Advertisement165 1978-03-17 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations --tx fr-— Prestige position Your expensive car it says you ve arrived Can you say the same thing about your office furniture 7 Your office chair tor instance Is it all it should165 words
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Article341 1978-03-17 6 THE Arab nations have In recent years become remarkably defensive In business. Olven the way they have been unscrupulously ripped off by some Western contractors and businessmen, who have treated them as gigolos treat elderly heiresses, this is hardly surprising. However, their apparent desire to set341 words
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351 1978-03-17 6 THE GOLD exchange for Singapore, now In its final stages of implementation, will add considerably to Singapore's status as a commercial centre. It will, for the first time, allow local Investors to have wide access to the international gold market, and will certainly351 words
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Article, Illustration2963 1978-03-17 6 SIVA ARASU - By SIVA ARASU THERE are two schools of thought as to why Singapore's record and book pirates can still rake in a cool $25 million a year, despite the existence of laws to prevent them doing so. Some blame the Inadequacy of the law Itself;2,963 words
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Page 6 Advertisements
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Advertisement564 1978-03-17 6 MS Orchard Road, S'pare I. Tel: *****2 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 Quick Businessmen's Lunch for the week. Specially prepared564 words
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Page 6 Miscellaneous
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Miscellaneous164 1978-03-17 6 From March 16-31: The northeast monsoon season ap-pears to have ended over South and South-east Asia and although fair weather conditions prevail over most parts of South-east Aia north of the Equator, changeable conditions associated with the inter-monsoon period dominate the weather over equatorial latitudes of the region. It is164 words
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Miscellaneous272 1978-03-17 6 SINGAPORE 5 3.00 PM Opening announcement followed by Housewives' Matinee Superior Darter with Superimposed English/Chinese subtitles (Repeat) A Mandarin feature film 4.25 Intermission 6.05 Opening annoucements followed by Exercise With Gloria® 6.30 News in Brief 0 6.35 The Tony Randall Show Case: Franklin In Love 0 7.00 Serbanika (Malay) 0272 words
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Article, Illustration1578 1978-03-17 7 ALAN CHALKLEY - By ALAN CHALKLEY with some pride, the owner of a new plastics factory in Sri Lanka took me i out to see his operation. It was a few kilometres out of Colombo, amid padi fields, I and coconut trees which looked as though they1,578 words
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Article352 1978-03-17 7 THE MEN at the Ministry of Culture Press Section In my experience are charming and helpful; but do they not deserve a somewhat more prestigious-looking office, standing as they do in the front-line of Singapore's image-making? For they are often the first to handle visiting foreign352 words
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Article, Illustration892 1978-03-17 7 JOHN DRYSOALi - fvKUMi 1 ...on economics »y JOHN DRYSOALi Mr. Drysdale is a directorl of Asia Research Pte Ltd.. THERE seems to be a great deal of confusion about future Indonesian oil supK" es a matter, one need rdly emphasise, of the utmost Importance to the Indonesian892 words
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Page 7 Advertisements
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Advertisement304 1978-03-17 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 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road,304 words
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Page 7 Miscellaneous
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Miscellaneous29 1978-03-17 7 Bri StOW: Fmnic DickenS OX BRiSToui- RN/C O* CLOCK" ...LETS GGT THC MGIL OUT OF MeftE-.... SICMU. scrieou- SMftP ))U**=\T DO feirkT Rc\\/ iT.y y< Sou think?. Q\J\C< ■BSS?29 words
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INTERNATIONAL STOCKS MARKETS
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Article594 1978-03-17 8 Tokyo Source: DBS-Daiwa 0.75 per cent cut In the official discount rate brightened the market and It opened higher yesterday. Dow Jones average hit a new 1*77-78 Intra-day high of Y5,302.85 at 10:00 a.m. Nippon Steel as well as other large-capital Issues such as Toshiba. Hitachi andSource: DBS-Daiwa - 594 words
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Article400 1978-03-17 8 Source: Sun Hung Kai Securities Ltd. THE market opened on a weak note yesterday with selling concentrated mainly on the -'blue chips. Some selling of bank shares could be explained by the announcement of licensing rules for foreign banks In Hongkong being eased. Nevertheless, the pressure was only lightSource: Sun Hung Kai Securities Ltd. - 400 words
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Article324 1978-03-17 8 SHARE prices were mainly steady yesterday with leading industrials and minings narrowly mixed and rises In oil shale stocks featuring. BHP rose four to 5.68 while banks were little changed and In sugars, CSR was steady and Pioneer dropped six to 98 cents. In mines, Thless rose 10 to324 words
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Article84 1978-03-17 8 MAR l< Pnoi Acoje Mining Atlas Con. A Atlas Con B. Bagulo Gold Benguet Con. B BF Goodrich .0078 13.10 .007 34.20 17.SO +0 0002 +0.1 +0.0002 +0.2 +0.5 CDCP 12.30 unch Inco B LepantoB 1450 -ooos Martnduque B 3M *.40 unch -0.0 Orient*] A Oriental B 032 unch84 words
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Article147 1978-03-17 8 MA* 1« Bah is Asia Fibre Bangkok Bank 389 unch Bangkok Inveat 382 10 Bangkok-Metro-politan Bank Bata BerliJucker 48fl •14 Carpet Intnl Charoong Thai Wire 440 unch Dumex Dual t Than* 350 -6 Faber Merlin First Trust CIS ♦5 Genera Finance 306 -17 Indo-Thal Industrial Finance Corp 2975 ♦70147 words
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Article169 1978-03-17 8 Reuter SYDNEY: Kathleen Investments (Australia) Ltd reported audited consolidated operating loss of A 5923,000 (profit $1.07 million)for calendar 1977 on revenue of $7.54 million ($10.92 million). Result is after tax of $416,000 ($1.21 million) and depreciation $617,000 ($665,000), but before net extraordinary profit of $1.76 millionReuter - 169 words
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Article371 1978-03-17 8 GOLD shares on Wednesday were quietly weaker for the day though selective shares rose off the bottom towards the close, In line with higher bullion Indications. Financial minings were mostly mixed where changed in slack trading. De Beers lost six cents to 567 on local and overseas selling. Other371 words
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Article193 1978-03-17 8 MAR IS CI Abltlbl Alcan Algoma Bank Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk Canpac Canpac In* Pf CarllngOKeefe Comlnco Cons Bath Com Marbenor Oankoe Denlson Dom Stores Dom Tar Dome Mines Falcon bridge Falconbrldge Cop Oenttar Ot193 words
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Article472 1978-03-17 8 EL 'ROPEAS MA RKEIS THE European market* closed generally higher with the exception of Frankfurt where shares lost ground sharply. Amsterdam and Brussels closed mixed. Parte resumed Monday's very firm tone after Tuesday's consolidation. and a number of second-line stocks were initially marked to limit up. Gains472 words
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Article230 1978-03-17 8 MAS IS Dm Aef-Telefunken 87B -0 1 AJczo 20 30 -0 1 Allz Leben MOB Allz Vers 475 •US BASF 137 -0 6 Bay H T Wbank 283 -2 Bay Vbank 317 -3.5 Bayer 137 10 -0 8 BBC 204 50B BMW 224 -2 Cassella 375 -2 Chem Verw230 words
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Article187 1978-03-17 8 MAR It Francs Actions Suisse* 200 unch AlusulsaeBr 1205 15 Alusulsse Rcf. 543 3 Brown Bowl Br. 1870 ♦55 Clba Qelgy Br 1180 ♦20 Clba Qelgy PC 800 15 Clba Qelgy Reg 857 ♦3 Credit Suisse Br 2350 ♦20 Credit Suisse Rev 458 ♦7 ElektrowattBr 1870 10 Oeorge Fischer187 words
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Article221 1978-03-17 8 MAR It Fta ABN 346 00 Ahotd W OO unch Akw> 2) 60 ♦•0.1 AMEV 80 00 +0.4 Ami" 107 SO -0.5 Am rot Bank 7$ SO +1 Bergoss 62 00 +3 100 50 >2 fola 6690 +0 1 Boreumlj 141.00 i. 2 Burhmann 67 40 +0 7 Byenkort221 words
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Article92 1978-03-17 8 MAR IS Fr» FORWARD MARKET Acec 216 -5 Arbed 2310 -10 Astur 512 12 Brascan 135 Bru-Lamb 1424 Canpac 484 5 Cock 345 -4 Dp Bwrs 168 -2 Ebes 2355 -5 Electrobel 6060 10 Ob-Inno-Bm 1855 unch Gev 1236 ♦2 Hobok 2235 2S Petro 3870 55 Ryl Dutch 187592 words
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Article103 1978-03-17 8 MAR 11 Lire 47Ante 128 25 +0.75 Assoc Gen ***** 170 Bastogt 518 15 5 Central* 3578 +28 Flat 1970 15 Fmslder 76 50 -1 75 Gen Immob 80 75 +2 IFIPn 2160 13 Italcementl ***** 1M I taigas 640 -2 Italslder 130 25 -1 75 Magneti M PI103 words
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Article271 1978-03-17 8 MAR ll rrs CORBEILLE Air-Liquide 272 B S N Gervals Uanone 370 CS F (ThomsonCsf) 171 Cle Francalse des Petroles 106 20 Compagnle Financiere Compagni? GeneraJe 330 Credit Foncter De France 315 Hachette (Libra trie) 144 Machines Bull 31 Mlchelln (B) 1200 Panbas 176.10 Pechlney Clglne Kuhtmann 81 90271 words
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Article65 1978-03-17 8 FINANCIAL TIMES INDUSTRIALS Wednesday 453.9 Tuesday 460.4 Tuesday m*. to 05 M H.K. HANG SENG Thursday 417 83 Wednesday ZtmlZ Week Ago 446 7 DOW JONES AVERAGE INDUSTRIALS Wednesday 758.58 ZZ*' 418.42 wee* Ago 4|9 SYDNEY INDUSTRIALS Thursday 395 15 Tuesday 7«2.5« Week Ago 750.87 LONDON DOLLAR PREMIUM65 words
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Article1812 1978-03-17 8 March 15 2> N ™T HE Chlc **o Board Options Exchange, a total of W.OOl contracu were traded on Wednesday compared with Tuesday's 114.284 contracts. Alcoa OPTION A PL JLY OCT STOCK 40 1 1/8 UNTRD 3 1/4 36 7/8 Alcoa 45 UNTRD 11/16 1 1/8 361,812 words
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Article1066 1978-03-17 8 New York STOCKS retreated In active trading on Wednesday, amid Crowing concern about more Inflation at home and developments in the Middle Efcst Analysts pointed out. how- that the broader market was performing better than the glamour and blue chip sectors which continue to be1,066 words
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Page 8 Advertisements
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Advertisement171 1978-03-17 8 ~*"IT ASM®MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 T J ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken ploce in oil important sectors of the economies of countries in East and Southeast Asia.171 words
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INTERNATIONAL COMPANY NEWS
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664 1978-03-17 9 NORTH AMERICAN COMPANIES NYT. -h.JJSWIS FOY, chairman of the Bethlehem Steel Corp., the United States, second"largest steel company, warned that pressures were building for another steel price Increase because of •"'Using costs from the exlisting contract with steelworkers and future settle- of theNYT. - 664 words
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690 1978-03-17 9 NYT THE SECURITIES and Exchange Commission (SEC) suit announced last week to force the Sun Co. to sell its controlling interest in Becton, Dickinson Co. appears to slam the door on the remaining avenue open to those who mount socalled Saturday nightNYT - 690 words
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Article326 1978-03-17 9 ASIAN COMPANIES Reuter, UPI. TOKYO: SONY CORP., Japan's largest electronic appliance maker, announced its net sales for the f.lrst business quarter ending Jan. 31 reached an aH-tlme high of U*****.84 Oillllon, an increase of 6.3 Her cent over a year ago. The announcement said, liowever,Reuter,; UPI. - 326 words
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146 1978-03-17 9 Reuter MELBOURNE: Humes Ltd said in anticipates annual profit In the year ending June 30 will exceed the A 510.09 million after-tax consolidated 1976/77 operating profit. This forecast follows a greater-man-expected recovery in the December half-year profit to $5.95 million from $4.36 million in theReuter - 146 words
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223 1978-03-17 9 AP US STEEL stockholders will be asked at their annual meeting to ban expansion of company operations In South Africa until the government there acts to end race discrimination. The resolution Is sponsored by the domestic and foreign missionary society of theAP - 223 words
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Article60 1978-03-17 9 Reuter. HUDSON Bay Mining and Smelting Co Ltd said it cut its Canadian price for fullplate electrolytic copper cathodes to C 68.5 cents from 69.13 cents. The new price applies to all March sales, it said. The premium for electrolytic copper wlrebar remains at 0.63 cents per pound.Reuter. - 60 words
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Article186 1978-03-17 9 LOCKHEED Corporation announced that John Swearingen, chairman of the board and chief executive officer of Standard Oil Company (Indiana), has been elected to the aerospace firm'* board of directors. The addition of Mr. Swearingen to the Lockheed board raise* the number of Lockheed directors to 14,186 words
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Article140 1978-03-17 9 AP COMSAT General Corp. announced that It has negotiated a US$l6 million to $21 million contract to help expand and Improve telephone and telegraph transmission among the 21 nations of the Arab League by satellite. Comsat General was chosen by the Arab Satellite Communications Organisation toAP - 140 words
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Article372 1978-03-17 9 Source: James Capel. TOKYO: Honda maintains a high export ratio at 65 per cent versus Toyota's 39 per cent and Nissan's 46 per cent, with Its exports amounting to about US$l.2 billion on an annual basis. If the yen rate goes up by 10 yen toSource: James Capel. - 372 words
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Article266 1978-03-17 9 AP TOKYO: Chisso Corporation, a major chemical firm, asked the Japanese government for financial aid to offset difficulties stemming from huge compensations It must pay victims of mass mercury poisoning known as Minamata disease. Sadao Nogl, Chl&so's president, made the request in a meetingAP - 266 words
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Article106 1978-03-17 9 UPI TOKYO: TEIJIN Ltd., a major textile maker hardhit by the current recession, announced a 2 per cent cut in its dividend for the current business year ending March 31. As a result, the dividend will be reduced to 8 per cent a share per annum, theUPI - 106 words
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BONDS AND LOANS
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Article73 1978-03-17 9 Reuter FRANKFURT: Deutsche Bank AO is holding talks on the possibility of raising a large Eurodollar bond Issue for Australia. Bond market sources said the precise amounts and conditions have not yet been agreed. But the amount of the issue could be similar to the US$3OO million bondReuter - 73 words
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Article67 1978-03-17 9 Reuter LONDON: The Philippine Sugar Commission has been E anted a US$23 million in for a $31 million, 550 tonnes-per-day sugar refinery to be built at Batangas, Balayan and commissioned In late 1979, the UK Export Credit Guarantee Department said. The $23 million funding Is provided byReuter - 67 words
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Article55 1978-03-17 9 Reuter FRANKFURT: The Soviet Foreign Trade Bank signed a US$4OO million seven-year credit with an international banking consortium, Deutsche Bank AO said. Cle Financlere De La Deutsche Bank AO, a Luxembourg subsidiary of Deutsche Bank, and Lloyds Bank International Ltd are Joint lead managers. Terms of theReuter - 55 words
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Article35 1978-03-17 9 ZURICH: Qrand MetroColltan (Finance) Ltd. ondon, and Continental Group Inc, New York, will redeem their 0 per cent bond Issues due 1988 at 103 per cent later this year, the stock exchange said.35 words
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230 1978-03-17 9 EUROPEAN COMPANIES LONDON: In-house returns for the first months of the current year at Securicor. indicate that progress has continued. Mr. Peter Smith, the chairman, said that there are grounds for optimism that prosperous growth will be maintained. Five of the company's nine European230 words
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Article147 1978-03-17 9 COPENHAGEN: The East Asiatic Company, the Danish-based trading and industrial group, announced a decline In group pre-tax profits from 484 million kroner to 337 million kroner although sales rose from 20 billion kroner to 23.1 billion kroner. Profits after taxes were down from 269.3 million to147 words
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364 1978-03-17 9 Reuter LONDON analysts said they have cut their estimates for British Petroleum Co's 1977 net income because of depressed world economic activity and the fall in the value of the dollar. Estimates now vary between 1240 million and 1270 million against around 1400 million forecastReuter - 364 words
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Article91 1978-03-17 9 LONDON: The ailing stateowned British Steel Corporation is preparing to reduce its staff by 40,000 over the next five years. This year, 15,000 will be retrenched, the Financial Times reported. The newspaper said the step was part of radical surgery prescribed by British government to rescue the91 words
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Article341 1978-03-17 9 LONDON: Deloittes, one of the big eight" UK and international accounting firms, has ended its connections with Shair and Co., the Arab accountants with whom it has been associated in West Asia for three years. The decision, said to have been "by mutual consent," reflects341 words
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Article260 1978-03-17 9 LONDON: The international group headed by Britain's Davy Ashmore International bidding for the US$2 billion Zulia steelworks complex in Venezuela has made a significant innovation in international contracting. For the first time, a Japanese company has moved outside a purely national consortium when bidding for260 words
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Page 9 Advertisements
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Advertisement81 1978-03-17 9 MITSUI TRUST Beacon of Progress m 3 to •to MITSUI TRUST if J IM( MITSUI TRUST A. BANK ING COMPAN IIMITfn 'P» Mot Tm IMI 0»S 1% I SMm Wr, ii W in 1 Tat: 27WH3 Trio 237* MiTUITt RS CM Mrw MITUITRUST SINGAPORE CM j»w— inw» Sakora lt»» *m81 words
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DEALS DONE ON THE SES AND KLSE
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Article2721 1978-03-17 10 7 BID and offer prices officially *«HBtod and business in ana ••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 Board2,721 words
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Article156 1978-03-17 10 Rep Spore D Mark 7% 1982 (100,000) (102HB 103 V,5) 4 3/4% 1/5/79 (250,000) (100.808 100.908) 5 1/4% 15/10/79 (250,000) (101.308 101 425) 5 3/4% 1/6/78-80 250.000) (101.15B) 4 3/4% 15/9/80 (250.000) (99.808 99.955) 5% T F 15/4/81 (250,000) (101.80B) 5% T F 15/10/81 (250,000) (101.70B) 5% T156 words
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Article89 1978-03-17 10 B OT 8 1/2% 1981 (100.000) (1018 101',S) B O T 7 508% 1984 (100.000) (9558 96ftS) B O T Floating 1984 (100,000) (99V«8 99 3 45) C Itoh 8 1/8% 1984 (100.000) (95ftB 965) LTCB J 1982 (100.000)(99ftB 100S) LTCB J 1983 (100,000) (99ftB 100S) Credit Lyonnaia89 words
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Article46 1978-03-17 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. Sime Darby (March 13.40) (1) 0.34. St Steamship (June 12.10) (0.228).46 words
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Article196 1978-03-17 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number ct shares traded shown In brackets in lots of 1,000 >uilts unless otherwise specified. INDUSTRIALS Asma (1.708). Ajinsmsts (2.508 2.988) (2) 2.52. AI aam (2.828 2.888)196 words
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Article150 1978-03-17 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMuifm' priori for Mar 17) (Current price# 1 The Commerce 1.81 1.92 INCOME BOND 1.10 1.17 The Saving Fund 1.03 1 09xd S'pore Prog Fund 0 85 0 90 MARA BUMIPUTRA FUND S'pore Security (Manager*' price* for Mar 17 Fund S'pore Invest150 words
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Article294 1978-03-17 10 PACIFIC Chemical's attempts at cost rationalisation last year, after the setback in 1078, appears to have done the company some good, Judging by Its preliminary results for the year ended Dec 31, 1977. Pre-tax profits of this weed-killer and fertiliser company have risen by a massive 115294 words
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Article2438 1978-03-17 10 1977/1*78 High Low Last Company Sale +orGr's Dfv Dtv Crw Gr's YH Net P/E Vol CO*) Day Hlgk Low SECTION ONE INDUSTRIALS 165 280 124 262 88* 235 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Acma Alcom Allied Choc Bala2,438 words
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Page 10 Advertisements
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Advertisement132 1978-03-17 10 Kenneth Lo Kinntlh Lo, th# woN-known Chin—t cookory writor, introducos th# rt#dtf to lII# toe hnipuM of v# nintit coofting, ina qivvc an inotgni into uwi uniquo way of NtlnQ. Boginntng with simple on#* dish moin couritt, ho progrooooo through popuity to doooorto, giving tno cook o wtdor rsnQo of132 words
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Article, Illustration630 1978-03-17 11 SINGAPORE MIXED trading ruled on the .(v Stock Exchange of SingsThe market opened on t quiet and dull note but broke into activity after JV lunch as buyers turned out in force. Aggregate turnover of .3.26 million units valued at -17.78 million was transacted mainly630 words
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Article488 1978-03-17 11 IN a generally mixed market, Sime Darby was the focus of attention at the Kuala Lumpur Stock Exchange yesterday. While traders appeared generally heslstant In most of the other counters, Slme's shares as well as that of its plantation subsidiary Consolidated Plantations were traded briskly488 words
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COMPANY NEWS
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Article, Illustration1081 1978-03-17 11 ALTHOUGH the Malaysian levels of textile export quotas to the European Common Market are below expectations, the South Pacific Textile Industries group of companies is happy over the outcome of the negotiations. "As the company has consistently performed well as an exporter to these countries,1,081 words
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Article938 1978-03-17 11 MANO SABNANI - By MANO SABNANI AFTER a sharp turn for the worse at the half-way mark, General Lumber has reported an 86.6 per cent improvement in group pretax profit to $M 377,000 for the year ended Sept 30, 1977. No indications are given by chairman Datuk Rang938 words
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Article511 1978-03-17 11 TRUE to its mid-year forecast, Dunlop Estates has turned in a splendid set of results for its financial year ending last Dec. 31, with a doubling of Its after tax profits for the second year running. Fuelled by buoyant commodity prices, particularly for palm oil and511 words
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519 1978-03-17 11 BATU Lintang appears comfortably poised to keep its promise of maintaining last year's profitability (when bumper profit of $2.7 million was reported), if Its interim results are any guide to the current year's performance. Pre-tax profits (unaudited) at the half-way stage ending Dec519 words
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Article399 1978-03-17 11 Currant payoMBt Ex Date E looks Cloae Data payable Tbtal IW the year ToUl for praftoua year Parlla Plantation! WUUaaoa UlaBaaut Tiipiaf Auatral*Amal. 8.P. Tax til* UuL Aabaataa CaoMat £j55b« Hum (M) Bar had 8sL Own Malay aaTla Koala SMte Rub. Tfwib Mian Ayar Hltaai Tta H«ae<FE) BataLiataac399 words
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Page 11 Advertisements
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Advertisement120 1978-03-17 11 For a Successful BANKING Career I LIT PIA tRA MA SCRI NEI I study with Wfolsey 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 the Banking Diploma120 words
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Article221 1978-03-17 12 THE Singapore Government has yet to decide on the Implementation of the Mass Rapid Transit (MRT) system. However, the Ministry of National Development announced yesterday that the Public Works Department will carry out further design and engineering studies. It will engage consultants to carry out221 words
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Article54 1978-03-17 12 Reuter. THE Hongkong Census and Statistics Department said It will conduct In the next few months the first economic census of wholesale, retail and import/ export trade. The data to be collected will relate to the year 1977 and Include employment, labour cost, operating costs, purchases, sales,Reuter. - 54 words
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Article905 1978-03-17 12 SIX-FOLD JUMP FROM JANUARY JAPAN'S visible trade surplus soared In February to U552.33 billion (555.4 billion), from $375 million in January and $1.25 billion in February last year. The Japanese Finance Ministry, in a preliminary report, said February f.o.b. exports rose 26 per cent905 words
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461 1978-03-17 12 JAPAN'S Cabinet Council on economic measures will meet soon to discuss ways to expand domestic demand and boost the economy. The Economic Planning Agency also said the meeting date is yet to be fixed. Banking sources said the council Is expected to work out461 words
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Article72 1978-03-17 12 AUSTRALIAN Deputy Prime Minister, Douglas Anthony, yesterday said his country will consider Its friendly ties with Japan In negotiating over Japanese fishing operations in Australia's soon-to-be-declared 370-km fishing zone. A spokesman for the Australian official, who arrived in Japan on Tues- day, said Australia welcomes foreign development, management72 words
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347 1978-03-17 12 AP THE EL SALVADOR government said on Wednesday it will keep coffee reserves off world markets until wholesale prices reach US$2.lO a pound (or 5510.63 a kilogram). President Carlos Romero earlier in a press interview had said Central American coffee reserves would beAP - 347 words
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Article235 1978-03-17 12 Reuter. THE Asian Development Bank (ADB) Is to launch a pioneer study on two serious problems of developing countries absorbing modern foreign technology without destroying traditional values and the better use of indigenous technology A bank spokesman said in Manila yesterday. It had approved a US$5O,OOO (S$115,000)Reuter. - 235 words
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388 1978-03-17 12 UPI THE AMERICAN Textile Manufacturers Institute has re-afflrmed Its opposition to reduced Import tariffs and Instead called for Increased government support to achieve orderly international trade In the textile industry. The institute, representing 5,000 US textile manufacturers with nearly one million workers, outlinedUPI - 388 words
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274 1978-03-17 12 AP, UPI. SOUTH KOREA plans to build its third petrochemical complex, estimated to cost US$2 billion (554.6 billion), beginning next year to meet growing export and domestic needs, the Commerce and Industry Ministry said yesterday. The complex, led by a naphtha cracking centre withAP,; UPI. - 274 words
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Article67 1978-03-17 12 THE ASIAN Development Bank said it has approved a fifth line of credit equal to US$5O million (Sslls million) for the South Korean Government's Development Bank for relending to private industrial enterprises between 1978 and 1980. The 15-year credit, which has a three-year grace, bears an67 words
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565 1978-03-17 12 THE CARTER Administration wants to curb the recent sharp growth In lendings from the World Bank and other institutes to developing countries, according to a new Treasury Department report. The report spells out for the first time the Administration's approach to International565 words
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149 1978-03-17 12 Reuter. THE BANK of England said prospects of the world economy growing faster this year than In 1977 are not good. It seems unlikely that growth in the OECD area as a whole will be much faster that last year's 3.5 per cent, itReuter. - 149 words
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Article780 1978-03-17 12 LONDON, Thurs. Equities closed firmer on balance after a quiet session today, dealers said. At 3 p.iTL the Financial Times index was up 2.4 at 456.3. The gain in industrial leaders was to a large extent a technical reaction to yesterday's fall, dealers added The money supply growth780 words
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Page 12 Advertisements
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Advertisement82 1978-03-17 12 Meet the TOSHIBA 8D702A plain paper copier AN^ONOMOVLCOST '-<■ v» *»> FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT... HIRE PURCHASE ...OR RENTAL TERMS. For further information, caU A Han Tan FflllATßflN 60 orch a rd Road. Singapore 9. Telephone LiniM RUN A Member of the inchcape82 words
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Article4358 1978-03-17 13 BCHEDPLE A guide to ships loading at Singapore for Ports around the World The following Hat 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 Consortiums Scan Dutch has a Joint4,358 words
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Page 13 Advertisements
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Advertisement650 1978-03-17 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel. *****, Pcxt Kelang: Tel. *****1. Kuala Lumpur Tel. *****. Penang: Tel. ***** S Seatrain ill MED-AFRICA LINES Lines Inc. (U S A Trans-Pacific Service U GULF C FEEDER VSL SPORE AVESSEL 23/3 SEATRAIN CONCORD *45 REGULAR650 words
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Advertisement187 1978-03-17 13 NOTICES M.V. "TENSEI MARU" VOY-20 arrived Bth March. 1978 at P S A. Godown No 27'28 General Survey of damaged cargo ex the above vessel will be held on Saturday 18th March 1978. as from 9.00 a m. to 12 00 noon No further survey will be held after this187 words
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Advertisement63 1978-03-17 13 DAIICHI CHUO RISEN KAISHA m.v. "ST. BARONESS" from Osaka arrived on 9th March, 1978 at P.S.A. Godown No. 8/9 General Survey on damaged cargo ili» i-harKftl ex the above vessel will be held on 20th March 1978 as from 9.00 a.m. to 1.00 p.m. No further survey will be held63 words
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Advertisement25 1978-03-17 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel *****. Port Kelang: Tel. *****1. Kuala Lumpur Tet *****. Penang: Tel. *****25 words
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Page 14 Advertisements
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Advertisement750 1978-03-17 14 SHIPPING i Hapag-Lloyd FUUY CONTAINERISED TO EUROPE r»M PhN w»oa L«H»W Art— p Mto 24/3 26/3 14/4 l«/ 4 17/4 (21/4) MM MM 27/3 29/3 19/4 22/4 23/4 26/4 HM*w|E*rau 5/4 4/4 2«/4 30/4 26/4 (4/5) OuUfttr 13/4 15/4 5/5 1/5 9/5 12/5 IpMi 19/4 21/4 11/5 13/5 14/5 16/5750 words
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Advertisement847 1978-03-17 14 1 a SANKYO LINE) AUSTRALIA SERVICE P. AtUnf SiafMW* Loatfmf for THREE STAR 27/29 Mar 25/26 FREM, ADEL, MEL, SYD SEABLOOM IS/20 Mar Id POUT IRIS, SYD KYOSEIMARU 30/31 Mar 1/2 Apr FREM, AOEL, MEL HAYSKY 30/31 Mar 1/2 Apr BRIS.SYD KYOTEN MARU 14/15 Apr 18/17 Apr ADEL. MEL, SYD847 words
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Advertisement437 1978-03-17 14 DRY Rf FRIGE RATED CONTAINER SERVICE SAILING EVERT WEDNESDAY FOR POTS IN USA CANADA CARIBBEAN lAPAN (OKA TAIWAN HONG KONG THAILAND AND PHILIPPINES VESSEL/VOYAGE PONCE V-320 RAPHAEL SEMMES V-936 PONCE V-321 GATEWAY CITY V-692 Vessel Arrives'deoarts MAR 22/23 MAR 29/29 APR 4/5 .APR 11/12 40TH FLOOR HONG lEONG BLOC. 16437 words
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Advertisement1064 1978-03-17 14 Everett Lines Ban* Fiv* Star Srippwi Corp*. "BURMESE NATIONAL LINE' V LOADING f 0R RANGOON VW" phashwegyawtwa g382 pp/ii mar B F SS C Ager.K in Mnloywo TEPS MALAYSIA Krlnnq Trt '381-7355 Penortg Tel ***** ***** L» NraMcioi liKarctatiaMtal S. A. C.I. F. K [/'"ARGENtINE NATIONAL LINE" LOADING EOt DURBAN1,064 words
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Advertisement669 1978-03-17 14 JARDINE AN I AH Orient Overseas Co*dcu*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Span r NERCATOR M) SJUUB M. KONG CONTAINER 9» 3 1/3 ORIENTAL CHIEF IN 1/4 S SEAS BRIDGE 15M 15/4 OMENTAL RESEARCHER 111 22/4 CHEVALIER PAUL 1M a/4 NEPTUNE CORAI m 4/5 NEPTUNE PEARL 9W669 words
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Advertisement1342 1978-03-17 15 HCL Overseas Containers Limited rm r.htairwt Mara u 14 Mar 2S Mar 14 Apr II Apr IT Apr IM Apr) 1} M> i? Mr K Ibr II tK n If n »r S Mr 11 M* 5 Mr I Mr Mr A«t Mr 4 May) 24 Api 11 Mr 111,342 words
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Advertisement1281 1978-03-17 15 Ben Ocean Ajomt service of Ben Line Blue flmneJ den Line and NSMO Tt UK/CONTINENT (Via Saal) S ngasore P. Kelang fiwf I uroae 2/4 Mr 13/19 Mr 1111 Apr II Mar B>ibau. Amst. H wi. tublm I pool. 11/13 Apr 11/11 Apr 11 Map L scoa. iMotv Hall. 21/281,281 words
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Advertisement1181 1978-03-17 15 BLC BEN LINE CONTAINERS LIMITED M bußr. B'HAVEN (DAW HAVRE SCI On Smtapor* mia«| W. Crrmjny t*Ur.a Iwiß hunt Alt U.K. Sc»aiM»t KUINI 24 Mir Mat M Apr 11 Apr 17 Apt 121 Apt) II Apr RNINE MMU 27 Mar 21 Mat ll Mf M> n In I) l» HJMIUPt1,181 words
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Advertisement1156 1978-03-17 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA feeler from P «r lanf «nvl S pore 1) Mseitlel 71 *dP« 3) HOurf 4) Cbvr| EttMIU 11/ 1 lillNII JJ J 4 11 4 11/ 4 14/ 4 (ItHHi II 1 NIION 11. 11/ 4 H 41,156 words
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Advertisement594 1978-03-17 15 GUTHRIE BOUSTEAD SHIPPING ACif MCIE S I loabs fn l ft i ansa OIIVIOANR (Maurit.us, Reunion. M'basa. lanfa. Bfrt. Durban. ft.. P.E.. Pfnjn| f mi Mar S pore la Pt/14 I KSTUW Mauritius Reunion Durban. Moatiu Tonga. D salaam, IX., P.E., Capetown; PfH»n| P. K|lan| 1I H Apr Sco t594 words
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Advertisement1026 1978-03-17 16 T~\ "K" LINE KAWASAKI KJfflN KARMA LTD. friy ewTAiiatsa somcc imn oru siczj S port P. Keljrg L Havre HTwrf Brptnea NERCATOR 5W S«M HONGKONG COMTAiMEI JW 31 Mar ORIENTAL CHIEF If I Apr SEVEN SUS MIKE ISW IS A|f MIENTH CHIEF 7E oSfrEH SEAS MUSE 14E 25 Mar "liRIENFAL1,026 words
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Advertisement1111 1978-03-17 16 E.C. U.SJU/ATUUITIC/GULF SERVICE kxtnm fci/ici earuwas nm s-wt t ielus rous laataf Mr: NORFOLK. H« TOM. f Kalan* Mm* Nw| :SiS!?S£- Sar« l HIIZ vl*. <r.» E.C.f GREAT LAKES SERVICE lutaf far: NORFOLK, NEW TOW. MONTREAL TORONTO, ASNIAOULA DETROIT. CNICACO Prnanf belawn 0 Kelan* S ngaporr ••a »»stfL" n» Mi'1,111 words
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Advertisement1156 1978-03-17 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: io Evnrf (via UKir run p.romc stm—f fr**MERCAIOR Sa M to Port 1 Apr Ito 7 Apr H3NMONC CONTAINER 31 *ar IMr Mf to Apr ORIENTAL CMIEF 9to J* J SEVEN SEAS IRIRSE IS to 1* Mr 3 "*T I"'T H ORIENTAL RESEARCHER1,156 words
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Advertisement804 1978-03-17 16 MAI 4 YStAN IH TtKNA TIONAI SHIPPING CORPORATION BCPHAD TR KL *****4 LXPRESS FULLY CONTAINERISED SERVICE TC/FROM M ED/CONTIN ENT/SCAN Dl N AVI A Alia Accrpt.ag Frpai I) hum. StMkMa. BsM. NeltrPAi, I) Captap;gtt, larWt, 1) Braaoa, 4) ttim, EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mm> KclMg Pcnpng .aad.pg Mri804 words
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Advertisement834 1978-03-17 16 INTRASEA (PTE) LTD Fabf" Hou'jf' O'Cvrcl <ic! Telephone 1 4. iS4 REGULAR INDEPENDENT SERVICE TO EIMPE S pore P. Kelang Penang M.V. FIHIX 23 Mar II Mar AECIS BALTIC 13 Mr I Apr 17 Apr NT IN VIMAY 25 Apr 21 Apr 'Accept*! Tkreagt I'l.l Mr at.tr M Ptjtiaatifai Laaftag834 words
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