The Business Times, 21 March 1978
1978-03-21
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The Business Times
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Title Section11 1978-03-21 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, MARCH 21, 1978 SO CENTS11 words
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BRIEFLY...
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Article67 1978-03-21 1 Reuter. MANILA, Mon. The Philippine Bureau of Mines said 13 mining companies will start gold mining again within the next three years, Including Atlas Consolidated Mining and Development Corp. The bureau said the higher world price of gold and the recent start of the government central bank'sReuter. - 67 words
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Article55 1978-03-21 1 Reuter. BERNE, Mon. The Swiss government said It will propose to Parliament a change In the withholding tax law to make the current 35 per cent rate permanent. The rate was raised to 35 per cent from 30 per cent for four years from 1975 under aReuter. - 55 words
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Article50 1978-03-21 1 THE National Wages Council has Invited views from the public on the 1977 wage guidelines. The closing rate for submissions Is April 20, 1978. The NWC Is now in session to deliberate on the 1978 recommendations on wages and other related matters, according to the council yesterday.50 words
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Article59 1978-03-21 1 AFP MANILA, Mon. The Philippines is to dispatch a selling mission to five European Economic Community countries next May to develop new markets and expand existing ones. The nine-member delegation, the fifth to be sent by the Philippines to Europe under the sponsorship of the Common Market, isAFP - 59 words
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Article48 1978-03-21 1 UPI TOKYO, Mon. West German chancellor Helmut Schmidt will visit Japan around October as guest of the Japanese government. Mr. Schmidt will be the first West German Chancellor to visit Japan in nine years. The late chancellor Kurt-George Klesinger came to Tokyo in 1969. UPIUPI - 48 words
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Article36 1978-03-21 1 KUALA LUMPUR, Mon. Former Selangor Chief Minister, Datuk Harun Idris, was removed today from hospital to the Pudu Jail to begin serving a six-year jail sentence for corruption and forgery, the Home Ministry announced.36 words
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Article54 1978-03-21 1 Reuter. LONDON, Mon. The French franc strengthened on major exchange markets today newspapers hailed the CentreRight s victory in French general elections as a for Presldent Valer y discard The franc, shaky last week during the run up to the final round of voting, gained ground in bothReuter. - 54 words
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Article68 1978-03-21 1 AP. GENEVA, Mon. Tightened import policies helped the Soviet Union and Its East European allies cut their aggregate deficit in East-West trade sharply by US$2.5 billion (555.75 billion) last year, a United Nations survey said. The aggregate deficit fell from $7.5 billion to $5 billion last year,AP. - 68 words
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Article77 1978-03-21 1 UPI NEW YORK, Mon. Stocks surged early today in heavy trading as institutions, who indicated last week they thought the market had fallen far enough, hailed the recovery of the dollar on foreign exchange. The Dow Jones industrial average, which rose 5.98 on Friday and 10.13 overall lastUPI - 77 words
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Chief Price Changes
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Article131 1978-03-21 1 Rises Mosl octivi e Straits Trading ST P 1975 Utd Malacca Temerloh High A Low OCBC St Steamship PMC Nanyanc Preaa FAN Utd Plantations Tronoh Mines Sin Chew Foils Supreme Corpa Kemayan Alex Hides UMW Kempas 615 530 340 290 288 610 268 324 246 394 255131 words
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Article, Illustration185 1978-03-21 1 Rises Most active Steamship S Trading High And Low New Sdah F And N Rahmac Hy L'.O. Bank Tronoh Mines D Keramat Tan Chong M Flour Oriental Malakoff Utd Plant P.M.C. M Banking N Iron 2.77 6.25 2.93 2.20 4.04 3.40 3 08 5.95 8.15 2.91 3.72185 words
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Article1051 1978-03-21 1 JOHN TAN - CPF BALANCES MAY BE USED By JOHN TAN THE much-anticipated move to make Singapore's bus service public has finally materialised. The first step, already taken, Is the set-up of a new company. All the assets and liabilities of the existing Singapore Bus Service Ltd1,051 words
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Article224 1978-03-21 1 HONC7KONG and Shanghai Bank Corporation Is planning to acquire a major stake in New Yorkbased Marine Midland Banks. Announcing its intention yesterday, HSBC said it is holding exploratory discussions with Marine Midland for the acquisition of a "significant" stake in the bank. Under the proposed224 words
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622 1978-03-21 1 CHAN BONG SOO - By CHAN BONG SOO SOME of Singapore's 300odd timber exporters recently discussed ways of breaking a Johannesburgbased syndicate's hold on the local timber trade. Following the meeting among the leading timber exporters, It was decided that they should seek the services of the622 words
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Article144 1978-03-21 1 Reuter. WEST GERMAN Finance Minister, Hans Matthoefer, said the passage referring to economic trends In last week's Joint dollar communique with the US had no major significance for this year's German policy. He was asked by Interviewers whether he was worried that the US might use thisReuter. - 144 words
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326 1978-03-21 1 ENTHUSIASTIC bulla rushed into the stock market yesterday and pushed it to new height* of activity. Prices rose ateadily throughout the day aa the "small man" bought blue chips and rubber atocka which led to across-the-board gains of more than 11 per326 words
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382 1978-03-21 1 Reuter. THE United States' economic growth rate could reach 5 to 5.5 per cent In real terms this year and next. Congress said yesterday. The economy achieved an annual real rate of growth of 4.2 per cent In the last three monthsReuter. - 382 words
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Article132 1978-03-21 1 AFP THE five-member states of Asean have agreed on a compromise to proceed with the manufacture of dlesel engines on regional as well as national levels, Philippine Industry Secretary, Vicente Paterno confirmed yesterday. Under the compromise agreement, Singapore would manufacture dlesel engines only for the nonautomotive sector, mostAFP - 132 words
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Page 1 Advertisements
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Advertisement28 1978-03-21 1 Wiyfbong MaF MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shjw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7.28 words
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Advertisement48 1978-03-21 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant mjm* 1 m *pp» im tEN HEfIRV one RCEHCIES PTE. ltd 9 LENGKEEROAD SINGAPORE I bv,.:. BRUNfcI AGENT RELIANCE DISTRIBUTORS 144 B JALAN CHEVALI E R. BAN D A R SER' BtGAWAN BRUNEI TEL: *****48 words
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Advertisement87 1978-03-21 1 rasa SHIPPING TIMES NEW rival in marine lubricant FORUM: Of motoriata and the I MERCHANT fleet grows from i™J£ n U§ 1 trength to strength 5 NAN YANG heading for a LOBEOT Heller and today'. "«»rd 1 lanagers 6 IN Parliament yesterday 1 tEADING US economic ASIA cathlng in on87 words
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Advertisement140 1978-03-21 1 U-BIX COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SJNOAPCJ&fT* *****4 (5 Lines) APS ELECTRONICS (M) SON BHD KUXLA LUMPUR T* 03 *****0 SEE PAGE 6 TWO THIRDS OF THE EARTH IS COVERED BY WATER, THE OTHER THIRD BY RICHARD ELLIS. No idJe boast, this. For in recent months, partners of140 words
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TRADE AND INDUSTRY
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Article167 1978-03-21 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS vi ar 21-23 Limit State CP 110 Sea view Compa Desl 8 n International Mar 27-29 Prestressed Concrete Sea view Compa 0681 8 11 International Mar 27-28 Costing and Financial Hilton Price Waterhouse Analysis for Marketing Managers Mar 28-30 Problem solving167 words
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Article135 1978-03-21 2 UPI BURMA'S rice harvest this year is forecast to total 9.5 million tonnes, surpassing last year's crop by 25 Der cent. Government officials said the expected increase In production is due to farmers using modern techniques, more fertilisers and better seeds. The bumper harvest has not shownUPI - 135 words
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524 1978-03-21 2 JAPAN feels that any expansion of Malaysian exports to Its market hinges mainly on efforts made by Malaysia. This is because the barriers to greater exports stem from problems within Malaysia, says the Japan External Trade Organisation (Jetro) in a review of Asean-Japan relations. The524 words
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Article272 1978-03-21 2 PROPOSALS to register and control travel agencies In Malaysia have reached the final drafting stage and will be put before the board of management of the Tourist Development Corporation (TDC) on April 11. The director-general of TDC, Enclk Baharudln Musa, denied that there has had been any272 words
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302 1978-03-21 2 AFP NEW ZEALAND will hold Its largest-ever exhibition in Kuala Lumpur from Nov 13 to 18. Called the 1978 New Zealand Engineering and Building Services Exhibition, it will display US$2 million (554.6 million) worth of engineering plants and equipment, automative components andAFP - 302 words
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Article201 1978-03-21 2 DESPITE the slowdown in shipping activity, the demand for marine lubricants In Singapore Is apparently sufficiently strong to attract a large, stateowned French petroleum company to introduce its products here. Antar, a subsidiary of the Elf Aqultalne group, will now supply its range of lubricants, under201 words
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Article133 1978-03-21 2 Taste of action FOOD Asia, an exhibition of food, drink and hotel and catering equipment to be held next month, will be an opportunity for hotels and restaurants in South-east Asia to show off their culinary expertise. According to Mr. Llm Ewe-Hln, president of the Hotel and Restaurant Association of133 words
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151 1978-03-21 2 UPI VIETNAM yesterday announced a programme of price controls to help develop the nation's agriculture. A resolution passed by the Communist Party Politburo and the government Council of Pricing Work in Hanoi and Ho Chi Mlnh City said: "First and foremost, prices must serve theUPI - 151 words
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Article, Illustration286 1978-03-21 2 MR. PETER Bonner Joins United Engineers on April 5 and will succeed Mr. Eric H. Walker, who will retire on June 12 after 25 years' service, as managing director. Mr. Bonner's early engineering training was with Dorman Long. He later read mechanical engineering at King's College, Newcastle,286 words
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309 1978-03-21 2 AS MALAYSIA'S Industrial and commercial base gets bigger, there is an Increasing need for companies to retain the services of professional public relations consultants to perform a wider range of activities. One important area in public relations that Is lacking in the country309 words
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238 1978-03-21 2 Reuter. THE PHILIPPINES wants the same tariff-free entry for coconut oil to the United States as that granted to palm oil, "Philippine Trade Secretary, Vicente Patemo said. He also mentioned that plywood made from Philippines mahogany is paying a higher tariff than plywood importedReuter. - 238 words
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Article144 1978-03-21 2 THE 17-member Singapore Manufacturers Association trade mission to Papua New Oulnea has returned with over a million dollars' worth of business and another $4 million to $5 million orders being negotiated. According to the mission. PNG is a good potential market for Singapore-made products including children's clothing,144 words
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Page 2 Advertisements
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Advertisement256 1978-03-21 2 M vv* sa i H '4fc ry s«s K I m\v f Kfl *4 7A 4 I i-'5 ?■< V Sis* R trail W "I HK 11^ '.W H a w. m v> aa DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! G* ©P* ovoe ns -i tc P256 words
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Page 2 Miscellaneous
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Miscellaneous636 1978-03-21 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Don't allow a chap to be uninventlve (5) S Indirect remark very much In character (5) t Resort to which a poster may lead you (7) It David's disappointment (S) 11 Item of furniture in the flat (5) IS A talent for noisy retreat636 words
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OVERSEAS
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Article437 1978-03-21 3 Reuter. DESPITE last month's poisoned orange scare. Israeli farmers expect to make record profits from exports of out-of-season farm produce to Europe in winter. The scare started when a Palestinian group announced that it had injected Israeli oranges with mercury. Before it was over, Israeli officialsReuter. - 437 words
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221 1978-03-21 3 EAST Germany appears ready to conclude a deal on the construction of a major car plant by the end of this summer, sources at the Leipzig spring trade fair said. The sources, both East German and Western, said talks have221 words
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536 1978-03-21 3 NYT THE Carter Administration's resistance to any increase in aid for grain and cotton farmers has been eroding under the weight of politics and pressures from farm state congressmen. The big question for the White House now is what can be done forNYT - 536 words
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179 1978-03-21 3 AP. AUSTRALIAN Prime Minister Malcolm Fraser said over the weekend that his government will conduct a wide-ranging inquiry into the nation's whaling industry. The inquiry, to be headed by Sir Sydney Frost, followed an active campaign last year by environmentalists off the country's only whaling stationAP. - 179 words
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WORLD IN BRIEF
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Article524 1978-03-21 3 Agencies. OFFICIALS of one of the United Mine Workers' largest districts have grudgingly predicted that a majority of the 160,000 striking members would vote "yes" on Friday to ratify a new proposed contract and end the work stoppage, now in Its fourth month. JAPANESE car exports inAgencies. - 524 words
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339 1978-03-21 3 AP. Reuter. A TENTATIVE settlement of West Germany's three-week-old newspaper strike was reached yesterday after extensive mediation by Chancellor Helmut Schmid't top aide. The settlement, accepted by the printer's union officials in Stuttgart, means that newspapers could resume publishing today. Publishers, represented inAP.; Reuter. - 339 words
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968 1978-03-21 3 THREE ISSUES TOTALLING $1.7b NYT CANADA, a country with more inflation, more unemployment and a weaker dollar than the United States, will dominate the American capital markets this week as it borrows US$75O million (551.72 billion), the largest financing ever arranged in New YorkNYT - 968 words
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Page 3 Advertisements
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Advertisement339 1978-03-21 3 Our world bankers work around the world, around the dock. 6:07 p.m. Ibicyo. mmmam v>- J r V m S cir f J 4:08 p.m. Singapore. U- pW Iff tf«fl t i> ta 1 V Tokyo. 6:07 p.m. K. Furuhata, Fujitsu Oeft); and H. Tsurumaki, Bank of America, review Fujitsu's339 words
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RAW MATERIALS
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Article257 1978-03-21 4 IN SINGAPORE yesterday, the market closed quiet with April One RSS buyers quoted at 204.75 cents per kilo, up 0.50 cent on last Friday's close. In the afternoon, the market ruled inactive with no change in prices until towards the close when a slightly softer257 words
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Article31 1978-03-21 4 Rubber: March 20 Singapore: April 204.75 cents (up 0.30 cent) Malaysia: April 208.25 cents (up 0.75 cent) Tin $t,533 s i (down Official offering: 230 tonnes (down I tonne)31 words
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Article42 1978-03-21 4 ZINC in London yesterday morning fell by £1 all round. This metal was relatively steady largely under influential buying of cash material which narrowed the contango to C 1.50 near the closevfrol £2.50 during early ring dealings. Sales were 1,750 tonnes.42 words
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Article398 1978-03-21 4 1 Tires in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers hit 1 H S.S prompt f o b. 204.25 205 25N 204 00 205 00N lilt 1 K S S April 205 00 205 25 204 75 205 00 hit 1398 words
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Article99 1978-03-21 4 NOON SSR prices yesterday April May RAS (Current Mth) (Forward Mth) Buyers Sellers Buyers Sellers (cent* ►er kg) (cents I ierk«) SSR 20 (1-ton pallet) 194.50 196.50N 195.50 197 50N SSR 50 (1-ton pallet) 192.50 194 50N ***** 195 50N MRELB SMR5CV (1-ton pallet) 214.00 216 00N99 words
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Article150 1978-03-21 4 THE Straits tin price in Penang weakened another Msl6% per plcul to $1,533%. Lack of buying activity locally and overseas, and continued weakness in London brought the market lower, dealers said. Turnover fell marginally to 230 tonnes from Saturday's 231. In LONDON yesterday, tin fell by £45 for150 words
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Article214 1978-03-21 4 THE kilobar in Singapore opened at 5513,547 and drifted to a low of $13,491. The market recovered In the afternoon to close at $13,574. In London, the metal opened at US$lBl.4O/70 and eased to a low of $180.65/95. Thereafter, buying support pushed the market to close at a high214 words
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Article330 1978-03-21 4 ROBUSTA futures in London yesterday ended the opening session slightly easier £25 lower to unchanged from Friday's close in sates of 188 lots. Values edged lower under local dealer and jobber trading which partly reflected an extension of Friday's easiness and a lower New York close. Some traders said330 words
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Article218 1978-03-21 4 PRICES all held steady in a quiet Singapore produce market yesterday. Whatever business reported was minimal and confined to book-squaring accounts. Small sales were made on consumer accounts. As far as overseas accounts were concerned, dealers were adopting a wait-and-see attitude. The undertone for pepper was still soft218 words
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Article96 1978-03-21 4 COPPER wlrebars In London yesterday finished the morning showing losses of 1*4.50 for cash and £5 for Three Months. Values gave modest ground as profit-taking came to a somewhat overbought market which lacked fresh significant physical demand, dealers said. Three Months traded at t'6Bs briefly during premarket dealings but96 words
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Article58 1978-03-21 4 SILVER showed losses of 8.5 to 8.7 pence per troy ounce In London yesterday. Pre-market values were lowered following the sharp decline at New York on Friday, trade sources said. The fall In gold and a relatively low bullion dealers' fix undermined sentiment further and prices eased under liquidation.58 words
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Article71 1978-03-21 4 LEAD in London yesterday finished the morning with losses of t'3.25 for cash and C 4 for Three Months. The pre-market was steady but values declined in the ring under profittaking and liquidation prompted by the trend in copper. The movement was extended on the kerb where stop-loss selling71 words
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Article128 1978-03-21 4 TERMINAL in London yesterday opened C 0.50 to CO. 15 below Friday afternoon closing levels. Turnover totalled 206 lots. Dealers said lack of fresh news resulted in a very quiet opening with prices drifting slightly lower. News from Bangkok that 1977/78 sugar production was not expected to meet the128 words
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Article96 1978-03-21 4 TERMINAL in London yesterday opened £1.5 to £10 higher. Turnover totalled 144 lots. Dealers said the market was quiet and rather thin on lack of news and after initially dipping by upto £7 following New York, values held steady. At the end of the morning. values were £24 to96 words
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1217 1978-03-21 4 CURRENCY movements continued to act as a disturbing Influence on the commodity markets last week with prices tending to fluctuate, although a firmer undertone developed after the renewed tension in the Middle East, particularly among base-metals. Moves towards settling the three-month US coal1,217 words
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Article364 1978-03-21 4 THE Thai Commerce Ministry has fixed a total rice export quota of 26,000 tonnes per month for the regular markets of Hongkong, Malaysia and Singapore, effective next month. Trade sources say of the total, the quota for Hongkong will be 10,000 tonnes and for Malaysia and Singapore 8,000 tonnes364 words
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Article216 1978-03-21 4 THE sugar market closed little changed In quiet trading yesterday with 13 lots traded against 10 on Friday, dealers said. Trading was restricted to May and September, which fell 0.06 and 0.03 US cents respectively on two-way The Hongkong dally spot sugar price fell 0.05 to T45 US216 words
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Article206 1978-03-21 4 YARN and cotton In Hongkong dollars, spot ex-godown (ottoo Vara: China Blue Phoenix 20 s 1,755. 32 s 2.000. 40 s 2.170 (per bale of 400 Iba). Piece Goods: Chin* Butterfly and Globe Brand unq. Dragon Head unq Five lambs una. Flower and Butterfly unq. Flying Geese unq206 words
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MONEY AND EXCHANGE$
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Article551 1978-03-21 4 CAUTION continued to keep the foreign exchange market here quiet yesterday. with dealers unwilling to make commitments. Generally, rates saw some movement only with the entry of the London market. Against the Singapore dollar, the US unit opened at 2.3070/90. It moved up slightly later In the morning551 words
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Article183 1978-03-21 4 Asian rates ASIAN currency deposit Interbank rates as at close on Mar 20 US dollar* (Spot) Offer BkT 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .7 7 7 3/16 .7 5/16 7 11/19 7 3/4 7 13/16 6 7/8 6 IS/16 7 1/16183 words
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Article46 1978-03-21 4 RANGE of prices offered by discount houses on Mar Overnight 2-3'.H Call deposit 3 1/4% Closing 3-Month Buying Selling Treasury bills 31/4 3 1/8 3-Month Bank bills 4 7/8 4 3/4 3-Month CO 5 4 7/8 6-Month CD 53/8 51/4 Source: National Discount Co. Ltd.46 words
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Article117 1978-03-21 4 YESTERDAY the US dollar closed sharply lower at 229.85/ 230.05 yen compared with 231.05/ 232.05 In New York on Friday. It ended above the day's lowest levels against other major currencies as operators drew encouragement from the CentreRight coalition victory In the French general elections. However, houses declined to117 words
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Article80 1978-03-21 4 Euro rates IT WAS a customary slow Monday start to Eurodollar deposit trading In London yesterday. Time deposit rates opened little changed, apart from a few technical alterations, and have since held steady In routine trading. The One Month rate was about down for a loss of Friday end-of-period and80 words
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Article325 1978-03-21 4 THE French franc pared some early gains against the dollar yesterday in quiet opening trading after sharply higher first indications of 4.50/60 up from 4.66/67 on Friday. The advance followed the defeat of the French United Left grouping in Sunday's French general election run-off. Short-covering in francs had already325 words
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Article225 1978-03-21 4 AFTER Bank of Japan Intervention, the US dollar for overnight delivery closed at 230.03 yen yesterday, slightly up from the postwar record low of 230.00 at both the opening and Friday's close. The Bank of Japan resumed intervention Just before the close, buying an estimated $20 million at 230.00225 words
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Article49 1978-03-21 4 FRANKFURT exchange opening quotes on Mar 20 US 2 0425/45 Can 1 8180/8210 Sterling 3 881/901 D F1 83 50/65 S Fr 106 45/80 Ut 2 38/39 F Ft 44 38/53 N Kr 38 33/43 B Fr (con) 6 422/432 B Fr (fin) 6 43/44 Yen 0 8882/9249 words
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Article56 1978-03-21 4 AUSTRALIA/NZ exchanges quotes on Mar 20 AUSTRALIA: US dollar 1 1406/1 1358 Sterling 0 6001/0 5833 Ninety-day air mall buying rates Sterling 0.61*6 US dollars 1.1708 Ninety-day forward buying rates Sterling 0 5V25 US dollar 1.1392 NEW ZEALAND Sterling 0 5383/0.5354 US dollar 1.0279/1.0179 Ninety-day airmail buying rates; Sterling56 words
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Article73 1978-03-21 4 THE AVERAGE prime rate of bank* In Singapore aland* around 7 per cent, with the range running between SV per cent and 7V« per cent. Overaea-Chineee Banking Corporation ia at the lower end of the range while a number of bank*, including Citibank and Development Bank of73 words
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Article348 1978-03-21 4 OavcrtiMc* Bid Offer Ashland 5 M 86 50 88 50 Ba brock 7 92 94 00 95 00 Beech OS 92 93 00 94.00 Chevron 5 88 121 SO 123 50 Chrysler 5 88 East Kodak 4S 88 89 00 71.00 79 50 81.50 Ford 588 83.00 85.00 ICI6*97348 words
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Page 4 Advertisements
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Advertisement138 1978-03-21 4 M L 'X'V f ,V Kenneth Kenneth Lo, the well-known Chin— cookery writer, introduce* the reader to the techntquee el Chineee cooking, and glvoe an Inelght Into their unique way of eeting. Beginning with simple one* dish metn couroee, he progrseeee through popular soups to deeeerts, giving the cook a138 words
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TRANSPORT
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886 1978-03-21 5 TERESA LIM - By TERESA LIM SINGAPORE'S merchant fleet Is now the 14th largest in the world, up one notch in only a year. The size of its fleet is now 6.8 million tonnes, up 1.3 million tonnes over 1976. According to Lloyd's Register886 words
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Article121 1978-03-21 5 UPI. AIRPORTS are making only half-hearted efforts to reduce the threat of collisions between aeroplanes and millions of birds, the US National Wildlife Federation said. "It's only a matter of time before a bird-plane crash of appalling proportions takes place somewhere in the world," saidUPI. - 121 words
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Article, Illustration103 1978-03-21 5 THE FIRST of Barber Blue Sea'a (BBS) multi-purpoee vessels to aerve the trade between Singapore and the US Atlantic, Gulf coasts, arrived in Singapore on Saturday. Menelaus, (above) a 22,024-dwt vessel with a capacity of 773 TEU and one million cubic feet, carries a variety of goods from103 words
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Article86 1978-03-21 5 BURMA Airways Corporation (BAC), Burma's stateowned airline, has received official approval from the Department of Civil Aviation in Singapore for its new service schedule. BAC will Increase Its service to Singapore from one to two flights a week as from April 1. At present, Singapore Airlines86 words
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Article27 1978-03-21 5 Reuter. THE Australia/ East India and Australia/ Burma outward shipping conferences said their freight rates will rise by 7 per cent from April 1. Reuter.Reuter. - 27 words
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901 1978-03-21 5 FT. IT WAS mainly the 65mllllon tonne increase in demand by the US last year, when Imports totalled 430 million tonnes, which gave an estimated 6 per cent lift to worldwide seaborne oil movements. It was also port conditions in the US which ensured anFT. - 901 words
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Article, Illustration391 1978-03-21 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge SC 8698 (1500) 33/34 Ivory Oak (0800) 22 Logos (1400) 40/41 Perak (1230) 21 East Sebarok (1000 after Rajah Brooke) 20 Stolt Span (TankerP/O) (after Fujltsukl Maru b Kelyo Maru) 15/10 Westmorland (after Menelaus) 38/39 Woolgar (after Fortune) 19 PASIR PAN391 words
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Article168 1978-03-21 5 Reuter LANDING FEES at Tokyo's new international airport at Narita, opening this month, will make It the world's fifth most expensive airport after Sydney, Heathrow, Frankfurt and Stockholm. The new airport authority said it has agreed to a request by the International Air Transport Association toReuter - 168 words
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Article182 1978-03-21 5 AFP THE start of a new Air France weekly service between Ho Chi Mlnh City (ex-Saigon) and Paris next month will help end Vietnam's present isolation from the outside world. Residents In Vietnam hope it will also accelerate air mall between Vietnam and Europe.AFP - 182 words
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Article648 1978-03-21 5 DEPARTURES 8arviee Local Operator Number Tim® For CAL CI332 0210 TPE TMA TL303B 0415 TPE SIA SQ102 0615 KUL JAL JL616 0720 KUL/HKG/TYO CPA CX720 0730 PEN /BKK/HKO THAI TG402 0745 BKK KUL/( PEN/HKO MAS MH604 0800 QIA GA981 0800 HLP SIA SQ104 0815 KUL SIA SQ6648 words
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Page 5 Advertisements
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Advertisement388 1978-03-21 5 BUDGET FARES AND SUPER SAVER FARES TO U.S.A. ft i Uiiiiiii THE GREAT BOOKS OF WESTERN OVDiZAnON These are the books that had to burn. For within the GREAT BOOKS are. volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built388 words
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Article429 1978-03-21 6 IT WOULD indeed be surprising If the United States congressional Joint economic committee was to produce a single cohesive view on how the economy should be handled for the best results. The Americans take both their politics and their economics seriously so disagreement Is virtually429 words
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Article257 1978-03-21 6 THE MOVE to allow CPF to be used lo purchase shares in SBS (1978) Ltd is an interesting precedent for the Republic. Never before have such funds been permitted to be invested in corporate securities, other than government backed securities, and It raises the257 words
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Article, Illustration1964 1978-03-21 6 ROBERT HELLER - ROBERT HELLER, editor of "Management Today," is both the spokesman of modern management and an original thinker, with considerable background in business journalism Singapore will soon be able to benefit from his insight, as the author of well-known works such as "The Naked Manager",1,964 words
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Page 6 Advertisements
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Advertisement533 1978-03-21 6 MS (Mud Road, B'pore 9. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: 4828tl HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 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 2533 words
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Page 6 Miscellaneous
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Miscellaneous54 1978-03-21 6 WE A THER outlook for Singapore from 6am to noon today: Generally fair. fo E a°cll!££rt hOUr 'March Maximum Temperature 32.0° C Associated Humidity 53 Minimum Temperature 23.0° C Associated Humidity 100 Hours of Sunshine 9 55 Rainfall in Millimetres nil Total Rainfall for the Month 67.9 Total Rainy Days54 words
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Miscellaneous263 1978-03-21 6 SINGAPORE 5 3.00 PM Opening announcerrffcnts followed by What's My Line 3.25 Diary Of Events (English) 3.30 Afternoon Matinee Shock Treatment (Pt. 2) Starring: Stuart Whitman, Carol Lynley, Roddy McDowall, Laren Bacall 4.05 Science Report 4.20 Intermission 6.10 Opening announcements followed by The Road Runner Show 6 6.30 News in263 words
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Article581 1978-03-21 7 j ,jj LAW REPORT KSR I IT IS PERHAPS fitting that Singapore lawyers have to renew their practising I certificates (hereinafter re- ferred to as "the certlfl- cate") by April Fools' Day each year. In recent weeks J the Law Society will have iKSR - 581 words
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Article185 1978-03-21 7 Abdul Rahman b Mohd Said - Letter to the Editor Abdul Rahman b Mohd Said Dear Sir, We refer to the comment by Zephyr In his column "Straws in the Wind" (Business Times, 11 March tfl7B). The new dialling tone, which is a continuous 400 cycles per second tone, has 'been185 words
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Article, Illustration1228 1978-03-21 7 GRAHAM NEWHAM - Br GRAHAM NEWHAM THE AMERICAN economy is sending out signals which are confusing analysts and casting doubt on how much a coal strike and another harsh winter are really affecting economic activity. Treasury Secretary Michael Blumenthal has told Congress that the first1,228 words
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Article, Illustration627 1978-03-21 7 ALMOST 20 Singaporean* turned out for get-together on Saturday night, rendezvous-ing at 8.15 pm. A pub crawl? Group outing to gorge on. chilli crab? No Frogging. Frogging? Yet, Frogging. It was tight for tore eyet, this hardy band trudging through the Bukit Timah forett reserve late627 words
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927 1978-03-21 7 JOHN TAN - [FOBUHJ f V ...on economics J »y. JOHN TAN AMONG the Singaporeans hardest-hit by Mr. Hon Sul Sen's latest round of fiscal changes were those aspiring to be car or motorcycle owners. Mr. Hon raised the prices of new vehicles by substantial927 words
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Page 7 Advertisements
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Advertisement303 1978-03-21 7 Public Relations Officer Telecom a HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9303 words
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Page 7 Miscellaneous
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Miscellaneous43 1978-03-21 7 'FOOfcNING MtSS v3e.»LL f lIGOOD O<V*N\NG I WPNt M&RC f\ SCMOOL I WCiXOOTC "TO CHESTS* ueAve.R 6>f DupiMc fcLOG&S 9tf\GC Wvra \N t(£MOGg MPiTSIDS 1« U Be StRRTiHG ijTN TvC PC6T J ITOLLOU) OX, 7 Dupmg go or rnf?. U0& THIS V WSTprtrr43 words
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INTERNATIONAL STOCKS MARKETS
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Article561 1978-03-21 8 Tokyo Source: DBS-Daiwa BUPPORTED by strong buying, share prices opened bullish yesterday centring on pharmaceutical, oil refining and incentive-backed speculative Issues, but closed lower bemuse of concern over the sharp appreciation of the yen towards the close. Pharmaceutical Issues such as Shlonogl and ElSource: DBS-Daiwa - 561 words
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Article412 1978-03-21 8 Source: San Hung Kai Sec Ltd PRICES continued to advance yesterday morning In vigorous trading, with buyers appearing across the board and only light selling resistance. While prices continued to move up generally, market leader HK Bank failed to react with buyers unwilling to pay up. Hongs were muchSource: San Hung Kai Sec Ltd - 412 words
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Article311 1978-03-21 8 THE market closed mixed In quiet trading yesterday, dealers said. BHP shed four cents to A 55.68 and In mixed banks, NSW eased two to *5.06 while the ANZ rose three to $2.81. Central Pacific gained 25 cento to 92.85 and Southern Pacific advanced 12 cento on oil shale311 words
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Article139 1978-03-21 8 THE market closed higher yesterday with all sectors posting slight gains and turnover rising to 3.15 million pesos from Friday's 1.47 million. Dealers said leading mining issues remained firm while others had small gains. Oriental lost one point but Basic Petroleum gained one and other oils had slight gains.139 words
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Article152 1978-03-21 8 MAR Bahts AjU Fibre 275 ♦3 Bangkok Bank 389 •2 Bangkok Invest. 382 -8 Bangkok-Metro-politan Bank Bata IIS 15 Bern Jucker SOS unch Carpet Intnl Charoong Thai Wire Dumex DusltThanl 362 +•4 Faber Merlin First Trust •04 -4 Oenera Finance 388 -4 Indo-Thal Industrial Finance Corp 3095 -30 J152 words
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Article38 1978-03-21 8 H.K. HANG SENG Monday 428 38 Friday 423 45 Week Ago 421 42 SYDNEY INDUSTRIALS Monday 3W M £r w *y 3#5.48 Week Ago 394.20 ALL ORDINARIES Monday 447.77 Er w «y 448.58 Week Ago 446.9538 words
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2261 1978-03-21 8 US machine tool industry the veritable bottleneck NYT. WHEN Mr. Frank Daley director of manufacturing development for GM said "I've got a bonfire going and those guys want t standardise buckets," h was venting his frustratloi over a favourite whippin boy of American industry the machine tool business. The carmakersNYT. - 2,261 words
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1067 1978-03-21 8 NYT LONDON: A British exf ecutlve made national headlines not long ago when he stood up at a convention and bared his financial soul. "My t'2oo suit Is really I*lo,ooo worth of gear, he complained to fellow Industrialists. It costs me £15 to buyNYT - 1,067 words
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Article470 1978-03-21 8 NYT. ASK the average shareholder or broker what they would most like to see in the stock market now and the response probably would be a rousing rally, or words to that effect. But Mr. John Mendelson of White. Weld and Co. takes the opposite view. Mr.NYT. - 470 words
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Article321 1978-03-21 8 NYT SOME investors who have r lost money in stock options i have discovered that without risking a great deal i more they can try for bigger i profits in an unexpected area: bankrupt corpora--3 tions. Most of the opportu- nities will be found InNYT - 321 words
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Page 8 Advertisements
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Advertisement124 1978-03-21 8 Don't let the language barrier stop you from wider contacts > 1 t-. $4. I <v» r A^ e YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- i ling in fact anywhere and any time that suits you. Possess ing a second or third language is124 words
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INTERNATIONAL COMPANY NEWS
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Article357 1978-03-21 9 NORTH AMERICAN COMPANIES Agencies LOCKHEED Corp's major costs to develop the L-1011 Tristar are over and the company looks forward to reaping profits from the plane through the 1980. President Lawrence Kitchen, addressing the National Aviation Club, said: The Tristar is a programme with a veryAgencies - 357 words
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Article140 1978-03-21 9 GENERAL Motors last week unveiled an electric version of its Chevette Minicar, and said It was nearlng the day when electric cars would be feasible. Dubbed the "Electrovette," the battery powered car was the first of a series meant to determine what equipment Is needed to140 words
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831 1978-03-21 9 NYT. -NEW YORK: Ten or 12 r years ago, a Wall Street broker recalled: "Some of .my customers especially the doctors used to say 'that the letters In IBM's -stocks stood for 'I buy money.' The attraction for buying into International Business MachinesNYT. - 831 words
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Article51 1978-03-21 9 ASIAN COMPANIES JAPAN is to export to Pakistan two cement »manufacturing plants with dally output capacity of ;j.OOO tonnes. Heavy Industries, Ltd., of Tokyo has signed a 10,500 million yen (SSIOS million) contract, to -be financed by the govern--mental yen credit, with -Pakistan's State Cement Cooperation51 words
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Article44 1978-03-21 9 KYOWA Hakkao Kogya Co. 3?ald It will establish a new nttrm in Tokyo in a Joint venture with Johnson and Johnson of the US. -The new firm, JanssenKyowa Co., to be capitalised ►at U*****,00, will develop imported drugs from Jans,,spn Phamaceutlcal.44 words
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Article79 1978-03-21 9 TELECOR Inc said Matsushita Electric Corp of America proposed the possible acquisition of Telecor. However, the companies gave no specific details, Matsushita Is a subsidiary of Matsushita Electrical Industries of Osaka. Telecor said the proposal was made during dis- cussions on a contract renewal between Telecor's79 words
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468 1978-03-21 9 Washington Star SALE of the Washington Star to Time Inc. was formally completed last Wednesday. The newspaper's ownership passed to the New York-based publishing firm with the acquisition of Washington Star stock previously held by Mr. Joe Allbrltton. In a brief announcement. TimeWashington Star - 468 words
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Article38 1978-03-21 9 BONDS AND LOANS PARIS: Costa Rica Is raising US$2O million (SS46 million) in seven-year Euronotes with a floating rate of I'/« percentage points above London interbank offered rates, lead manager Banque Nationale de Paris said.38 words
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Article60 1978-03-21 9 THE Kingdom of Spain Is holding talks on raising a Eurobond issue, probably for 200 million marks. Dresdner Bank AG, which managed Spain's first mark bond issue last year, was named as lead manager for the bond. It would be likely to come to market fairly soon, but final60 words
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428 1978-03-21 9 TOKYO: Toyota Motor Co. and Nissan Motor Co., two major Japanese car makers, registered sharp growth in exports and a slight increase in domestic sales last month from the same period in 1977. Toyota attributed the increase to brisk shipments of small trucks to West428 words
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Article445 1978-03-21 9 SONY Corp expects that net Income for the fiscal year ending Oct 31 will be "considerably affected" If the dollar becomes weaker, but total sales for the year will exceed that of last year, chairman Aklo Morlta told •security analysts In New "York. In fiscal445 words
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162 1978-03-21 9 UPI. SEVEN Japanese electronics manufacturing companies announced that they soon will begin selling colour videocassette recorders called the "Betaformat Standard" in Europe. The announcement means Duyers In Europe will be able to use cassette tape produced by one company on a videocassette recorder manufacturedUPI. - 162 words
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Article59 1978-03-21 9 AP HINO Motors Ltd. of Japan said it has signed a 4 billion yen (SS39I million) contract to provide Burma with a dlesef engine manufacturing plant. Hlno officials said the plant would have an annual production capacity of 12.000 engines to be used for automobiles TheyAP - 59 words
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Article44 1978-03-21 9 RANGOON: Denmark has agreed to extend an interest free US$5.2 million loan to Burma to help develop its fishing industry. The agreement was signed on Tuesday by Burmese Deputy Planning and Finance Minister Maung Sheln and Danish Ambassador to Burma Frantz Howltz.44 words
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Article43 1978-03-21 9 THE Norwegian state oil company Statoil said it plans to raise a US$3OO tenyear. floating rate syndicated loan with a coupon of s per cent over London Interbank offered rate for the first six years and per cent over Llbor thereafter.43 words
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139 1978-03-21 9 Reuter UTAH Development Co said it suspended the entire 2.000-man workforce at Its four central Queensland coal mines for 24 hours after they staged a 24-hour strike. Utah said it suspended the men for breaching their industrial award by staging the unauthorised strike. QueenslandReuter - 139 words
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Article80 1978-03-21 9 Reuter TOOHEYS Ltd posted unaudited consolidated operating profit A 53.58 million (53.54 million previously) for the halfyear ended Jan 1. Sales were 5127.92 million (SI 14.27 million). Profit is after tax of 52.60 million (52.53 million). Interest stood at SI .69 million (51.31 million) and depreciationReuter - 80 words
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301 1978-03-21 9 EUROPEAN COMPANIES Reuter BAT Industries Ltd chairman Peter Macadam said it will be difficult to maintain last year's profit. "At the present time, with five months of the year behind us and exchange rates at their current levels I believe that maintenance of last year'sReuter - 301 words
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Article73 1978-03-21 9 MUNICH: Siemens Ag management board chairman Bernhard Plettner said new orders in the first five months of the year to the end of September were 4 per cent up from the corresponding period last year. He told the anrvual meeting the rise stemmed chiefly from the73 words
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159 1978-03-21 9 Reuter. LONDON: Phillips Petroleum Co said tests on North Sea appraisal well 16/17-5 flowed 4.000 barrels of 44 degree api gravity oil and 20 million cubic feet of gas a day through an 84/64 inch choke. The well is 2.2 km north ofReuter. - 159 words
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Article94 1978-03-21 9 GOODYEAR Tire and Rubber Co's British subsidiary will cut the workforce at its Glasgow factory by between 130 and 150 from the total 830. Last week the company announced between 300 and 400 joba were being cut from the 5.500 workforce at its Wolverhampton factory. The British94 words
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Article79 1978-03-21 9 VEBA AG of disclosed net 1977 pre-tax profit of 669 million marks (SS69O million) compared with 835 million marks previously. Proposed 1977 dividend was 3 marks compared with 6 marks in 1976. Net profit after tax afcd minority interests was 77 million marks against 225 million.79 words
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666 1978-03-21 9 UPI. BRUSSELS. With the size of American cars and the value of the dollar shrinking in about equal proportions. European car manufacturers fear Detroit is the threat of the future. Already battered by competition from Japan and Eastern Europe, Common Market car-makers are bracingUPI. - 666 words
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Page 9 Advertisements
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Advertisement225 1978-03-21 9 A v/ U^RS OF kf >MANC£ XXf > WSTER} $105/ POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. Now on Sale at all good bookshops or order direct from TIMES DISTRIBUTORS SDN. BHD., Mail Order Division, No. 1-4, New Industrial Road,,225 words
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DEALS DONE ON THE SES AND KLSE
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Article2696 1978-03-21 10 offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of snarea traded shown in brackets In iots of 1,000 units unless otherwise specified. All Time Settlement Contracts •re quoted after the world Btg Board deal (in lots of2,696 words
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Article145 1978-03-21 10 Rep Spore D Mark 7% 1982 (100.000) (102 SB 103SS) Rep Spore 6 1/2% 1983 (100.000) (102 SB 103*8) Rep Spore 7 3/4% 1987 (100,000) (99*8 99*8) 4 3/4% 1/5/79 (250.000) (100.758 100 90S) 5 1/4% 15/10/79 (250.000) (101.358 101.40S) 5 3/4% 1/8/78-80 250.000) (101.15B) 4 3/4% 15/9/80145 words
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Article64 1978-03-21 10 B OT 8 1/2% 1981 (100,000) (100*B 101*S) B O T 7 VB% 1984 (100.000) (9558 96 *S) B O T Floating 1984 (100.000) (99*8 99*«S) C Itoh 8 1/8% 1984 (100,000) (95 *B 965) LTCB J 1982 (100,000) (99*8 1008) LTCB J 1983 (100.000) (99*8 1008) Credit64 words
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Article42 1978-03-21 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 53.4 A) (0.468 0.505).42 words
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Article159 1978-03-21 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Mar 21) (Current pi rices) The Commerce.... 1.83 1.94 INCOME BOND 1.10 1.17 The Saving Fund S pore Prog Fund 105 l.llxd 0 85 0 90* MARA BUMIPUTRA FUND S'pore Security (Managers' pocei for Mar 21) Fund 169 1.79159 words
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Article532 1978-03-21 10 BID and offer prices officially listed and business In and > reported to the Kuala Lumpur Stock Exchange y ester day with the number of shares traded shown In l brackets In lots of 1,000 .nits unless otherwise specified. I 'NOUS TRIALS (1 MB 1.778). AitoMMt* (2.498)532 words
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Article406 1978-03-21 10 1! b Data Baafca Ctaaa Date payaMa Tatal tm tl» year T«alfc» £artia PteauttoM 12 5% Ml Pibll maUm 10H Mar 14 Mara "■■w* t*<d> Mar 13 MarX3 TafctagCeaaalMaled IMMn) Mar 3 Mar IS 15%<n) Mar 3 Maris »*(n) MarS Maris 30W Mar 7 Mar 17 S-F TWliW406 words
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Article2457 1978-03-21 10 1977/1978 High Low Company Lui Sale Gr's Gr's Net Div Div YH P/E 4-or- Crr Vol Day C000) High Lo SECTION ONE INDUSTRIALS 170 280 124 262 88 246 169 291 422 146 132 Acma 165 Alcom 58 Allied Choc 212 Bata 57* Ben 155 Boustead 1442,457 words
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Page 10 Advertisements
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Advertisement127 1978-03-21 10 For a Successful BANKING Career I LIT PIA tRA MA I SCR! NEI 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 eliminations leading to the Banking Diploma127 words
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Article, Illustration736 1978-03-21 11 -SINGAPORE INDUSTRIAL blue-chipa and rubber aharea led the Singapore stock market into one or ita moat buoyant and active aeaaiona yesterday. Trading started off on a very firm note with advances of up to 10 centa recorded in the firat deal of selected countera736 words
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Article710 1978-03-21 11 PLANTATION stocks led with generous gains in a very steady market at the Kuala Lumpur Stock Exchange yesterday. Trading was active right from the opening bell and continued throughout the day with strong bullish attention focused on rubber and oil palm shares. The rest of the710 words
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COMPANY NEWS
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Article, Illustration795 1978-03-21 11 MANO SABNANI - SIN CHEW IN GOOD FORM By MANO SABNANI THE bullish interest seen in recent weeks in the two Chinese newspaper shares has been Justified by at least one of them in terms of results. Nanyang Press (1975) Ltd has Just reported a795 words
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486 1978-03-21 11 THE strength of the Malaysian economy has filtered through to the capital goods Industry and George Kent (Malaysia) has capitalised on this growth. Its latest results of M 52.003 million for the nine months ended December, 1977, Indicate that the company has been able486 words
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464 1978-03-21 11 BECAUSE of the very nature of Its origins and objectives, Kumpulan Flma Berhad is often the target of public criticisms some of them ill-founded whenever anything goes wrong with one of Its many subsidiary companies. The public's vigilant interest is justified as Fima Is464 words
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Article410 1978-03-21 11 SIM Lim Investments has disposed of its holdings In Boon Ann Properties (BAP) in a bid to improve Its liquidity. In an announcement made over the weekend, the company says It had entered Into an agreement to sell Its stake of 50 per cent410 words
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Page 11 Advertisements
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Advertisement295 1978-03-21 11 i >km r x?V JBUSINESS TIMES: Special Feature on Travel "A Businessman's Holiday With a difference" i V A P ril the time of year when people are either travelling I or planning their annual holidays. WW Because they are frequent travellers, businessmen \JT are becoming increasingly selective when it295 words
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1036 1978-03-21 12 CHEAPER REPLACEMENT PACKAGES Reuter. ASIAN countries are cashing in on the flood of unwanted dollars around the world to fuel their economic growth with cheaper loans. And while their need for new commercial loans is slackening as they complete initial development plans, the countriesReuter. - 1,036 words
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IN PARLIAMENT YESTERDAY
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Article, Illustration188 1978-03-21 12 IN THE last six months, the Weights and Measures Office made 60 days of spot checks or about 10 days each month, to see that weighing and measuring instruments used in retail outlets are not faulty or tampered with. The Minister for Law, the188 words
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Article117 1978-03-21 12 PARLIAMENT has been asked to approve a rise in the Republic's subscription to the International Monetary Fund to Ssl42 million (or 49 million special drawing rights). The Finance Minister, In a notice of motion handed in on March 16, noted that the approval is necessary under117 words
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Article490 1978-03-21 12 THE GRANTING of citizenship is a privilege and not a right, said Mr. Chua Sian Chin, Minister for Home Affairs and Education, in his reply to backbenchers in Parliament yesterday who were asking for a more liberal treatment of citizenship applications. He said that the490 words
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Article229 1978-03-21 12 STUDENTS who pass out of vocational Institutes tend to fare better when seeking work compared with others. This point was made by Dr. Ahmad Mattar, acting Minister for Social Affairs In Parliament. Enclk Sldek bin Saniff (Kolam Ayer) had asked earlier how long after completing their courses before229 words
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Article682 1978-03-21 12 LONDON, Mon. Stock prices closed steady tn thin trading, but Government bonds declined French stocks advanced up to 8 per cent after the election results, dealers said. At 3.00 p.m. the Financial Times index was down 0.4 at 456.8. Government bonds closed S point lower after being up682 words
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260 1978-03-21 12 A GROUP of businessmen from the ruling family of Kuwait and merchant families in Saudi Arabia and the United Arab Emirates have teamed up with American executives to form an investment hanking venture in the United States to recycle petrodollars into investments in the260 words
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196 1978-03-21 12 Reuter. THE UNITED Arab Emirates (UAE) government will revise a draft law which would require a 51 per cent local partnership in all foreign commercial ventures. The decision follows comments by the governments of the seven member-state of the UAE Federation and local chambersReuter. - 196 words
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339 1978-03-21 12 UPI. JAPAN yesterday spurned a Common Market demand that it pledge to slash Its current account surplus to US$6 billion (5513.8 billion) in fiscal 1978 starting April Government sources said the demand was made by Wilhelm Haferkamp, Vice President for External Affairs of the EECUPI. - 339 words
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Article77 1978-03-21 12 JAPAN will be able to import from China as much as 30 million tonnes of crude oil annually after 1982. Mr. Yoshlhlro Inayama, chairman of Japan's top steelmaker, Nippon Steel, yesterday said that under an eight-year trade agreement signed on Feb 16 in Peking, Japan Is to77 words
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602 1978-03-21 12 RELATIONS between developed and developing countries may deteriorate further If the "special and differential treatment" for exports of developing countries sought at the Tokyo Round of multilateral trade negotiations Is not clarified, a report from the Trade Policy Research Centre In602 words
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334 1978-03-21 12 ALTHOUGH Malaysia's New Economic Policy Is geared to re-structurlng the ownership of the economy, the government will continue to welcome foreign direct investment, according to Mr. Peter Laporte, Manufacturers Hanover Trust's representative in Kuala Lumpur. Mr. Laporte, reporting in the company's latest issue of Byline, said334 words
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253 1978-03-21 12 AT A TIME when every Incentive Is needed to encourage tin producers to Increase output to meet demand. the US stockpile is "again promising to be more an economic deterrent to producers than a lifeline for consumers." Describing this as a '•matter of regret,"253 words
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199 1978-03-21 12 Reuter. A FURTHER fall in the rate of inflation, the avoidance 1 of a credit squeeze in the coming months, and subdued oyerseas economic growth were predicted by Australian Treasurer, John Howard. He told a business luncheon organised by the Australian Financial Review thatReuter. - 199 words
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Article122 1978-03-21 12 Reuter JAPANESE Finance Minister, Tatsuo Murayama, said a modified version of the "Roosa Plan", with more nations Involved, should be worked out to stabilise the dollar and other currencies. He told an Upper House (Parliament) committee he hopes to exert efforts to establlsh a new internationalReuter - 122 words
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Article58 1978-03-21 12 Reuter. MALAYSIAN government officials will sign an agreement In Tokyo on Thursday to float a 15 billion yen (about SSISO million) bond on the Japanese capital market. Negotiations on terms for the 10- to 12-year loan are taking place with a Japanese underwriting syndicate of about 30Reuter. - 58 words
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Page 12 Advertisements
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Advertisement207 1978-03-21 12 ALL BIFOCAL WEARERS! If your vision is restricted like this... It is because the view through the segment of a flat-top bifocal is limited. SEE MORE WITH THE EXECUTIVE BIFOCAL It provides an unlimited field of vision because the bifocal segment stretches all the way across the lower portion of207 words
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Article4926 1978-03-21 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. SeanDntch has a Joint aer- X vice4,926 words
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Article712 1978-03-21 13 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Ahll Shipping Sharjah Algerian National Line (CNAN) Unipacific Alpac Line Intrasea Anhsing Line Strongwtll Angkutan Pertambagan Eastern Wa* Angkutan P. (Cont. Service) Straiu Shipping APL (American President Lines) APL712 words
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Page 13 Advertisements
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Advertisement296 1978-03-21 13 TMC KST MO FASTEST MY TO THE USA IS MAERSK UNE SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 SHIPPING I L INDIA STEAMSHIP COMPANY. LIMITED CARRYING CONTAINERS SINGAPORE PKELANG PENANG LOADING FOR IN PT/22 MAR 23/25 MAR 26/21 MM R OAM ANTWERP /H' BURG TILBURY/L POOL ONE 21/22296 words
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Advertisement150 1978-03-21 13 NOTICES TOKO LINE m.v. "Zamboanga" Voy:43 arrd on: Jurong commercial wharf. Consigness of all damaged General Cargoes ex. The above named vessel are notified that General Survey will held on 22nd March 1978 as from 10.00 am to 3.00pm. No further survey will be held. AgenU: Pan Continent Corporation. Tel:150 words
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Advertisement17 1978-03-21 13 aa.u^J NEXT MIDDLE EAST VESSEL WORLD LION V I 49TH FLOOR, NOM LEOM KOi, li RAFFLES QUAY17 words
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Page 14 Advertisements
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Advertisement736 1978-03-21 14 Hapag-Lloyd FULLY CONTAINERISED TO EUROPE □PRESS CONVENTIONAL TO EUROPE S'pw* P KtUnf Pw B'lwu I Bvntmttin In Pert •HLtMkarM 29/3 31/3 4/4 (tatfalu 9/4 Muntcriim) 20/4 J Almunnu J/5 2 *CjMm Bifcao (30/4) FULLY CONTAINERISED TO USA/CANADA fmtm P S'P*" NR Mm H'burt Rdam 18/4 23/4 14/4 11/5 9/5 6/5736 words
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Advertisement754 1978-03-21 14 Jl a SANKYO LINEI AUSTRALIA SERVICE THREE STAR 27/29 Mar SEABLOOM IN PORT KYOSEIMARU 30/31 Mar MAY SKY 30/31 Mar KYOTEN MARU 14/15 Apr Singapore loading for 75/26 Mar FREM. AOEL, MEL. SYD SAILED BRIS. SYD 1/2 Apr FREM. AOEU MEL 1/2 Apr BRIS. SYD 16/17 Apr ADEL, MEL. SYD754 words
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Advertisement523 1978-03-21 14 mLAND U.S.A./ ASIA SERVICE DRY REFJHGE RATED CONTAINER SERVICE SAILING EVERT WEDNESDAY FOR PORTS IN USA CANADA CARIBBEAN JAPAN. KOREA. TAIWAN HOM ROM. THAILAND AW PHILIPPINES 40TH FLOOR, HONG LEONG bLDC .16 RAFFLES QUAY. SINGAPORE 1 Customer Service Boc*.,i| *****22 Termmji 3 *****37 REGULAR RORO BERVIC Go one better to523 words
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Advertisement835 1978-03-21 14 LOADING FOR DURBAN CAPETOWN BUENOS AIRES PATAGONIA ARGENTINA 27/21 Mat CtA Transportation Maritima Mtxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST MEIICO t CENTRAL AMERICA LOADING FOR ENUNAOA. MANZANILLO. ACAPULCO ACAJUTLA CORINTO SAN lOSE I rUN TARENAS (COST* RICA) WITH TRANSHIPMENT AT HONGKONG Sing aport P Wm| Penang THOMASEVERETT JOSEFA835 words
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Advertisement655 1978-03-21 14 JARDINI ANIAH Orient Overseas Go*dai*te/i Line FULLY CONTAINERISED SERVICE TO EUROPE <VIA SUEZ) S pan f K«iM| blw ItHatrt H KONG CONTAINER 9* j l/3 1/4 I|/4 a/4 ORIENTAL CHIIF 8N J/« 18/4 77/4 38/4 S SEAS MINI IS* 15/4 IS/4 3/5 7/5 ORIENTAL RESEARCHERIW 22/4 23/4 10/5 13/5 CHEVALIER655 words
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Page 15 Advertisements
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Advertisement965 1978-03-21 15 C)CL Overseas Containers Limited ctnuosMp service n n/cwtikxt: 14 Mar n Mar 14 Mr N U) 17 Apt U2 Apr) 1! Mar II Mar UApraAprftAprllApr I Mr lABraAfraAt*BA»r(4Mp») •SAM lAT 11 ift t> I Ikf IMI 1! IDI >Ml HU«H II Apr 11 Apr 11 Mar 1) Mar 14 May965 words
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Advertisement1205 1978-03-21 15 Ben Ocean Ajant service,ofßen Line Blue Fbnnei den Lme and NSMO ti n/CMmam imo tmo ——Da* Sopm P. Mini Pmm( (iw P4TBOCLUS 1/ 4 Apr IJ/1I Apr 11/11 Apr 11 May B'lkao, test H'bwt. DbMii LpaaL. lEHMHOR 17/10 Apr a/21 Apr 12 May I'UM, U>mv Hall. lEKIIUCIUI 27/20 Apr 1/1,205 words
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Advertisement832 1978-03-21 15 BEN LINE CONTAINERS cm □E3K J4 Mar M Mir 1 U Mr H If 11 Mm Mr) U I MIX MM* IT Mar n Marl It Mr U Mr O Mr 11 tar IT I mmm (imu im> »m> i «nra»r ii mi« m« m i MMA MT 1] Mr832 words
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Advertisement903 1978-03-21 15 r Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA eeOei Uom p Kelang veuel s pore 1) Mseilles Z Rdam 3) Mburg 0 Ct>u 'tMr I'M P Vessel SIUMIA MMM MAMCtSCA 1 Ml BtlllU Uf ANHA 1«/ TITAMA fUMitu a/ ujiui (MM IwtMn 'AIM acceptiag carga903 words
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Advertisement571 1978-03-21 15 GUTHRIE BOUSTEAD^'™ BANK LOCK LTD. LNK FN Lll AFUCA PUVCRANH (Mraritiu. Ptwuao. Mbtsa. Tngt. Btira, Dvrtf. C.L., 'J. c r>,,o n) p "»«l f a/a Mar r»ort I*«/» mm TESTiAM Mauritius. Reunion. Durban. Mombasa. Tonga. D salaam. E.L., P.E.. J-trjfit P. Kalang tl/H Apr S(H tl/17 Ist nw iut t571 words
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Advertisement861 1978-03-21 16 v/W IfcV ,7 "K" LINE KAWASAKI KISSN KABMA LTD. f cNumatsa soma ebmpe oru sbld S'pori P. Kelar.f L Havre H'burj Brpmea MNMMS CONTAINER If 31 iv 1 Apr 21 Apr 21 Apr 22 Apr ORIENTAL CHIEF IW 9Mr II Apr 31 Apr 1 Nay 1 May SEVBI SEAS BRIBGE861 words
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Advertisement791 1978-03-21 16 INTRASEA (PTE) LTD. f ,ibor '-JE Telephone y-^* 1 tESILAI IMEKNKNT SEWICE T| EMIPE Spore P. KcUh P ww« LnM| hr MV. FIMIX O tor Sailed A«rp/*dam/H'burg. 'M.V. At CIS BALTIC IS Apr I Apr 17 Apr S'tw/R dOT/H burg/ A'werp. M.V. LM VINAV 15 Apr 21 Apr A'afcfp/ITdafli/H'burg. Tkraapt791 words
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